Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in Clean Harbors, Inc. (NYSE:CLH) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,634 shares of the business services provider’s stock after purchasing an additional 122 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Clean Harbors were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Advisor Resource Council acquired a new position in shares of Clean Harbors in the first quarter valued at about $3,051,000. Blue Trust Inc. grew its holdings in Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after acquiring an additional 56 shares during the period. State of Alaska Department of Revenue grew its holdings in Clean Harbors by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 53,972 shares of the business services provider’s stock worth $10,637,000 after acquiring an additional 155 shares during the period. Mountain Pacific Investment Advisers LLC grew its holdings in Clean Harbors by 8.0% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 106,983 shares of the business services provider’s stock worth $21,086,000 after acquiring an additional 7,944 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Clean Harbors by 18.6% during the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider’s stock worth $1,638,000 after acquiring an additional 1,301 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the firm’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 sale, the director owned 2,978 shares of the company’s stock, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors 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 completion of the sale, the chief executive officer directly owned 51,619 shares of the company’s stock, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock valued at $3,416,406 in the last 90 days. 5.60% of the stock is owned by insiders.

Clean Harbors Stock Performance

NYSE CLH opened at $234.15 on Monday. The company has a market cap of $12.55 billion, a PE ratio of 32.43 and a beta of 1.16. The stock’s 50 day simple moving average is $226.66 and its 200-day simple moving average is $219.91. 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 1.08, a current ratio of 2.37 and a quick ratio of 1.98.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Robert W. Baird increased their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Needham & Company LLC lowered their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Two equities 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, the stock has an average rating of “Moderate Buy” and an average price target of $257.67.

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.