First Trust Advisors LP Acquires 117,718 Shares of Clean Harbors, Inc. (NYSE:CLH)

First Trust Advisors LP raised its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,941 shares of the business services provider's stock after purchasing an additional 117,718 shares during the period. First Trust Advisors LP owned 0.69% of Clean Harbors worth $85,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLH. Skandinaviska Enskilda Banken AB publ increased its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in Clean Harbors in the fourth quarter valued at $56,000. Finally, UMB Bank n.a. grew its holdings in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after buying an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. StockNews.com cut shares of Clean Harbors from a "buy" rating to a "hold" rating in a report on Friday, April 18th. UBS Group reduced their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Robert W. Baird reduced their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.40.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

CLH traded up $0.25 during midday trading on Friday, reaching $212.25. The company had a trading volume of 307,414 shares, compared to its average volume of 346,679. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market cap of $11.50 billion, a PE ratio of 28.61 and a beta of 1.11. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The business has a 50-day moving average price of $201.24 and a two-hundred day moving average price of $228.52.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company Profile

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.