Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Algebris UK Ltd

Algebris UK Ltd lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 78.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,217 shares of the business services provider’s stock after selling 4,553 shares during the quarter. Algebris UK Ltd’s holdings in Clean Harbors were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP raised its holdings in 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 during the period. Select Equity Group L.P. increased its holdings in shares of Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock valued at $403,085,000 after purchasing an additional 80,436 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider’s stock valued at $371,002,000 after purchasing an additional 13,167 shares during the period. Bessemer Group Inc. increased its holdings in shares of Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider’s stock valued at $252,042,000 after purchasing an additional 9,595 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Clean Harbors by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider’s stock valued at $155,784,000 after purchasing an additional 15,888 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

NYSE CLH opened at $234.50 on Tuesday. The business has a 50 day simple moving average of $228.87 and a 200 day simple moving average of $219.98. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 32.48 and a beta of 1.16.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. Analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 51,619 shares of the company’s stock, valued at approximately $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the transaction, the executive vice president directly owned 54,548 shares of the company’s stock, valued at $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock valued at $3,416,406 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CLH shares. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Raymond James Financial dropped their price objective on Clean Harbors from $280.00 to $278.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 22nd. Needham & Company LLC lowered their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Truist Financial reduced their price objective on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird raised their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.70.

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.