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

Vestcor Inc trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 21.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,971 shares of the business services provider’s stock after selling 1,378 shares during the period. Vestcor Inc’s holdings in Clean Harbors were worth $980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in Clean Harbors by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider’s stock worth $44,697,000 after purchasing an additional 6,313 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Clean Harbors by 11.1% during the fourth quarter. Schroder Investment Management Group now owns 42,216 shares of the business services provider’s stock worth $9,716,000 after buying an additional 4,227 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Clean Harbors by 8.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,617 shares of the business services provider’s stock valued at $832,000 after acquiring an additional 278 shares in the last quarter. Franklin Resources Inc. boosted its stake in Clean Harbors by 17.1% during the 4th quarter. Franklin Resources Inc. now owns 240,460 shares of the business services provider’s stock valued at $55,339,000 after acquiring an additional 35,165 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in Clean Harbors by 59.7% during the 4th quarter. Trexquant Investment LP now owns 13,531 shares of the business services provider’s stock worth $3,114,000 after acquiring an additional 5,057 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction dated 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 sale, the chief executive officer directly owned 51,619 shares in the company, valued at $11,626,147.37. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John R. Welch sold 1,250 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the transaction, the director owned 11,402 shares of the company’s stock, valued at approximately $2,605,471.02. This trade represents a 9.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Down 0.7%

Shares of Clean Harbors stock opened at $234.15 on Friday. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 32.89 and a beta of 1.18. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a current ratio of 2.45, a quick ratio of 1.98 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $229.36 and its 200-day simple moving average is $220.23.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. UBS Group upped their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial cut 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. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer boosted their price target on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Raymond James Financial upped their price target on Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $263.40.

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.