Impax Asset Management Group plc Sells 5,171 Shares of Clean Harbors, Inc. (NYSE:CLH)

Impax Asset Management Group plc cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 434,806 shares of the business services provider’s stock after selling 5,171 shares during the period. Impax Asset Management Group plc’s holdings in Clean Harbors were worth $98,841,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Wellington Management Group LLP grew its position in Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after buying an additional 99,591 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Clean Harbors during the 3rd quarter worth approximately $17,258,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Clean Harbors by 99.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider’s stock worth $19,639,000 after buying an additional 42,555 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock valued at $444,558 in the last 90 days. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Trading Up 2.6 %

Shares of Clean Harbors stock opened at $217.77 on Monday. The stock has a market capitalization of $11.73 billion, a P/E ratio of 29.35 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $180.24 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock’s 50-day simple moving average is $233.16 and its 200 day simple moving average is $242.21.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CLH shares. Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. BMO Capital Markets lowered their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Truist Financial lowered their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $270.56.

About Clean Harbors

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.