Groupe la Francaise Sells 1,712 Shares of Clean Harbors, Inc. $CLH

Groupe la Francaise lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 16.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,588 shares of the business services provider’s stock after selling 1,712 shares during the period. Groupe la Francaise’s holdings in Clean Harbors were worth $2,566,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Clean Harbors in the 4th quarter valued at $26,000. Quattro Advisors LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at about $26,000. MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust lifted its stake in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CLH shares. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. TD Cowen upped their price target on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. UBS Group raised their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Bank of America set a $377.00 price target on Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Truist Financial upped their price objective on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $316.67 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The stock has a market capitalization of $16.72 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. The firm’s 50 day moving average price is $309.90 and its 200-day moving average price is $298.39.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.36 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.