LGT Group Foundation Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

LGT Group Foundation lifted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,145 shares of the business services provider's stock after acquiring an additional 4,571 shares during the quarter. LGT Group Foundation's holdings in Clean Harbors were worth $4,600,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CLH. International Assets Investment Management LLC purchased a new position in Clean Harbors in the 4th quarter worth about $2,710,000. Vontobel Holding Ltd. grew its stake in Clean Harbors by 12.5% in the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider's stock worth $106,803,000 after acquiring an additional 67,809 shares in the last quarter. South Dakota Investment Council grew its stake in Clean Harbors by 62.3% in the 4th quarter. South Dakota Investment Council now owns 12,247 shares of the business services provider's stock worth $2,137,000 after acquiring an additional 4,700 shares in the last quarter. Strs Ohio grew its stake in Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider's stock worth $32,536,000 after acquiring an additional 10,527 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its stake in Clean Harbors by 27.4% in the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider's stock worth $715,000 after acquiring an additional 881 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 0.9 %

NYSE:CLH traded up $1.80 during midday trading on Friday, reaching $207.35. 330,567 shares of the stock traded hands, compared to its average volume of 327,967. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $210.26. The business has a 50-day moving average of $193.42 and a two-hundred day moving average of $176.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07. The stock has a market capitalization of $11.33 billion, a PE ratio of 30.31 and a beta of 1.24.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. Clean Harbors's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.4 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the firm's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares of the company's stock, valued at $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the firm's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares of the company's stock, valued at $897,912.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 7,996 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares of the company's stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock valued at $4,819,554 over the last 90 days. Insiders own 5.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CLH. Oppenheimer upped their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. BMO Capital Markets upped their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an "outperform" rating in a research note on Thursday. Robert W. Baird upped their target price on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Truist Financial increased their price objective on shares of Clean Harbors from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $216.40.

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.