Boston Partners Sells 3,049 Shares of Clean Harbors, Inc. (NYSE:CLH)

Boston Partners reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,805 shares of the business services provider’s stock after selling 3,049 shares during the period. Boston Partners’ holdings in Clean Harbors were worth $3,383,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $732,000. Capstone Investment Advisors LLC bought a new stake in shares of Clean Harbors during the 4th quarter worth $691,000. International Assets Investment Management LLC bought a new stake in shares of Clean Harbors during the 4th quarter worth $2,710,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in shares of Clean Harbors during the 1st quarter worth $14,161,000. Finally, Perpetual Ltd lifted its holdings in shares of Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock worth $10,629,000 after acquiring an additional 4,606 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now owns 13,767 shares in the company, valued at $3,003,133.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total transaction of $250,424.72. Following the sale, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Trading Down 3.0 %

Shares of CLH stock traded down $7.39 during mid-day trading on Friday, reaching $235.00. The stock had a trading volume of 456,023 shares, compared to its average volume of 304,903. The stock’s 50-day moving average price is $224.13 and its two-hundred day moving average price is $202.98. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $246.28. The firm has a market capitalization of $12.68 billion, a PE ratio of 34.01 and a beta of 1.21. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that Clean Harbors, Inc. will post 7.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer lifted their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird lifted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James lifted their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Truist Financial lifted their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus price target of $242.40.

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.