Xponance Inc. Increases Position in Clean Harbors, Inc. (NYSE:CLH)

Xponance Inc. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,703 shares of the business services provider’s stock after buying an additional 61 shares during the period. Xponance Inc.’s holdings in Clean Harbors were worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the period. Physician Wealth Advisors Inc. purchased a new position in Clean Harbors in the fourth quarter valued at approximately $56,000. Carolinas Wealth Consulting LLC lifted its stake in Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 252 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CLH. Needham & Company LLC dropped their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. UBS Group dropped their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Truist Financial dropped their price objective on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 8,076 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares of the company’s stock, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alison A. Quirk sold 893 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the transaction, the director directly owned 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,112 shares of company stock valued at $3,416,406. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Trading Down 1.2%

Shares of CLH stock opened at $228.76 on Wednesday. The company’s fifty day simple moving average is $228.59 and its two-hundred day simple moving average is $220.05. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 31.68 and a beta of 1.16.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 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.