New York Life Investment Management LLC Invests $929,000 in Clean Harbors, Inc. (NYSE:CLH)

New York Life Investment Management LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,322 shares of the business services provider’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLH. International Assets Investment Management LLC acquired a new position in Clean Harbors during the 4th quarter valued at about $2,710,000. Vontobel Holding Ltd. lifted its position in Clean Harbors by 12.5% during the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after purchasing an additional 67,809 shares during the period. South Dakota Investment Council lifted its position in Clean Harbors by 62.3% during the 4th quarter. South Dakota Investment Council now owns 12,247 shares of the business services provider’s stock valued at $2,137,000 after purchasing an additional 4,700 shares during the period. MJP Associates Inc. ADV lifted its position in Clean Harbors by 27.4% during the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 881 shares during the period. Finally, Deutsche Bank AG lifted its position in Clean Harbors by 3,711.0% during the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after purchasing an additional 270,009 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,385 shares of company stock valued at $6,113,742. 5.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of analyst reports. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Truist Financial increased their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Robert W. Baird increased their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Raymond James increased their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $216.40.

Clean Harbors Price Performance

Shares of CLH opened at $210.15 on Thursday. The stock has a market capitalization of $11.34 billion, a P/E ratio of 30.41 and a beta of 1.24. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $215.70. The company has a 50 day moving average of $195.64 and a 200-day moving average of $178.40. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $1.36 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

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.