Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,627,280 shares of the business services provider’s stock after selling 31,784 shares during the period. Vanguard Group Inc. owned approximately 8.64% of Clean Harbors worth $912,037,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Atria Wealth Solutions Inc. acquired a new stake in shares of Clean Harbors during the first quarter worth about $211,000. M.D. Sass LLC boosted its stake in shares of Clean Harbors by 24.8% during the first quarter. M.D. Sass LLC now owns 347,335 shares of the business services provider’s stock worth $68,460,000 after buying an additional 68,977 shares during the period. Scotia Capital Inc. raised its holdings in Clean Harbors by 1.0% during the first quarter. Scotia Capital Inc. now owns 14,411 shares of the business services provider’s stock worth $2,840,000 after purchasing an additional 149 shares in the last quarter. R Squared Ltd purchased a new position in Clean Harbors during the first quarter worth about $207,000. Finally, PNC Financial Services Group Inc. raised its holdings in Clean Harbors by 4.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the business services provider’s stock worth $963,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.2%

Shares of NYSE CLH opened at $237.67 on Tuesday. The firm has a market cap of $12.75 billion, a P/E ratio of 33.38 and a beta of 1.18. The firm’s 50 day moving average price is $230.89 and its 200 day moving average price is $219.86. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. Clean Harbors’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business earned $2.46 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CLH shares. Raymond James Financial increased their price target on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 31st. UBS Group increased their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Needham & Company LLC dropped their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.40.

Insider Buying and Selling

In related news, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the transaction, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Louis Battles bought 2,000 shares of Clean Harbors stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the acquisition, the chief executive officer directly owned 82,911 shares in the company, valued at approximately $19,359,718.50. This represents a 2.47% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 15,948 shares of company stock worth $3,611,729 over the last 90 days. Company insiders own 5.60% of the company’s stock.

Clean Harbors 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.