Williams Jones Wealth Management LLC. Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Williams Jones Wealth Management LLC. lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 148.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,459 shares of the business services provider's stock after purchasing an additional 30,111 shares during the period. Williams Jones Wealth Management LLC. owned about 0.09% of Clean Harbors worth $11,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Clean Harbors in the fourth quarter worth about $8,100,000. Avanza Fonder AB purchased a new position in Clean Harbors in the fourth quarter valued at about $191,000. UMB Bank n.a. grew its stake in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC increased its holdings in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after purchasing an additional 4,240 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group reduced their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $232.09 on Tuesday. The company has a market cap of $12.44 billion, a PE ratio of 31.28 and a beta of 1.19. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a 50-day simple moving average of $206.97 and a 200 day simple moving average of $225.27. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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