iA Global Asset Management Inc. Purchases 337 Shares of Clean Harbors, Inc. (NYSE:CLH)

iA Global Asset Management Inc. increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.1% during the first quarter, HoldingsChannel reports. The fund owned 4,028 shares of the business services provider’s stock after buying an additional 337 shares during the quarter. iA Global Asset Management Inc.’s holdings in Clean Harbors were worth $811,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV grew its position in Clean Harbors by 4.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock worth $259,000 after acquiring an additional 50 shares during the last quarter. GAMMA Investing LLC grew its position in Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Clean Harbors by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after buying an additional 58 shares during the last quarter. Blue Trust Inc. grew its position in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares during the last quarter. Finally, Commerce Bank grew its position in shares of Clean Harbors by 3.3% in the 4th quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock valued at $429,000 after buying an additional 79 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the transaction, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction on 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 of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 1,148 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock valued at $12,320,113 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on CLH. BMO Capital Markets upped their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday. Needham & Company LLC upped their price target on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James boosted their price objective on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Stock Up 1.6 %

Shares of Clean Harbors stock traded up $3.71 on Thursday, hitting $242.44. The company had a trading volume of 529,929 shares, compared to its average volume of 316,363. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 35.07 and a beta of 1.21. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $246.28. The stock has a 50 day moving average of $223.24 and a 200-day moving average of $201.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

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.