Bullseye Asset Management LLC Has $5.92 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Bullseye Asset Management LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,722 shares of the business services provider’s stock after selling 339 shares during the period. Clean Harbors makes up about 2.8% of Bullseye Asset Management LLC’s portfolio, making the stock its 12th biggest holding. Bullseye Asset Management LLC’s holdings in Clean Harbors were worth $5,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Pictet Asset Management Holding SA raised its position in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Norges Bank acquired a new position in shares of Clean Harbors during the 4th quarter worth $136,974,000. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after buying an additional 592,341 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $57,956,000. Finally, First Trust Advisors LP boosted its stake in Clean Harbors by 46.7% in the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider’s stock valued at $85,138,000 after buying an additional 117,718 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Clean Harbors 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 transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Clean Harbors Price Performance

Shares of CLH opened at $211.88 on Friday. The business has a 50-day moving average of $201.53 and a 200-day moving average of $229.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 28.56 and a beta of 1.11. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CLH shares. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. StockNews.com lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Truist Financial lowered their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday. Robert W. Baird cut their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.40.

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.