Alberta Investment Management Corp Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Alberta Investment Management Corp cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 45.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,322 shares of the business services provider’s stock after selling 8,679 shares during the period. Alberta Investment Management Corp’s holdings in Clean Harbors were worth $2,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Clean Harbors during the first quarter valued at approximately $48,000. Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 25.8% during 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. Carolinas Wealth Consulting LLC raised its holdings in Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock worth $60,000 after acquiring an additional 252 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Clean Harbors by 24.6% in the 1st quarter. UMB Bank n.a. now owns 349 shares of the business services provider’s stock worth $69,000 after acquiring an additional 69 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 1,022 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 16,310 shares of the company’s stock, valued at $3,726,671.90. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alison A. Quirk sold 893 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director directly owned 2,978 shares of the company’s stock, valued at $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 three months, insiders have sold 15,112 shares of company stock worth $3,416,406. Insiders own 5.60% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH opened at $234.15 on Monday. The company has a 50 day moving average price of $229.36 and a 200-day moving average price of $219.98. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The stock has a market capitalization of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18. 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, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company earned $2.46 EPS. The company’s revenue was down .2% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Oppenheimer upped their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a report on Thursday. Finally, UBS Group upped their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.