Thornburg Investment Management Inc. Has $14.84 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Thornburg Investment Management Inc. decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,139 shares of the business services provider's stock after selling 10,563 shares during the period. Thornburg Investment Management Inc. owned 0.16% of Clean Harbors worth $14,837,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CLH. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors during the third quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. acquired a new stake in Clean Harbors during the third quarter worth about $33,000. Finally, National Bank of Canada FI bought a new position in Clean Harbors during the fourth quarter valued at about $34,000. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CLH shares. Robert W. Baird raised their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an "outperform" rating in a report on Thursday, May 2nd. Oppenheimer increased their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Stifel Nicolaus reissued a "buy" rating and issued a $220.00 target price on shares of Clean Harbors in a report on Monday, April 22nd. BMO Capital Markets raised their price target on Clean Harbors from $225.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday, May 2nd. Finally, Truist Financial boosted their price objective on Clean Harbors from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $216.40.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total value of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Eric J. Dugas sold 6,200 shares of the firm's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the transaction, the chief financial officer now directly owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,385 shares of company stock valued at $6,113,742. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Stock Up 0.9 %

Shares of NYSE CLH traded up $1.84 during midday trading on Tuesday, reaching $213.96. The company's stock had a trading volume of 162,567 shares, compared to its average volume of 323,205. The stock has a 50 day simple moving average of $197.33 and a 200-day simple moving average of $179.78. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 30.96 and a beta of 1.24. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $215.70.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. Clean Harbors's revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.36 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 7.46 earnings per share for the current 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.

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