Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 73.0% during the 1st quarter, Holdings Channel reports. The firm owned 74,434 shares of the business services provider’s stock after buying an additional 31,418 shares during the period. Picton Mahoney Asset Management’s holdings in Clean Harbors were worth $14,672,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLH. Commonwealth Equity Services LLC lifted its position in shares of Clean Harbors by 2.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,738 shares of the business services provider’s stock worth $1,090,000 after purchasing an additional 126 shares in the last quarter. LPL Financial LLC raised its holdings in Clean Harbors by 8.1% in the fourth quarter. LPL Financial LLC now owns 59,639 shares of the business services provider’s stock valued at $13,725,000 after acquiring an additional 4,483 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Clean Harbors by 3.4% in the fourth quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider’s stock valued at $44,697,000 after acquiring an additional 6,313 shares in the last quarter. Norges Bank acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $136,974,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Clean Harbors by 25.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH opened at $234.50 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.56 billion, a PE ratio of 32.48 and a beta of 1.16. The company’s 50 day simple moving average is $228.87 and its 200-day simple moving average is $219.98. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 1,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the transaction, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CLH shares. Truist Financial reduced their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Raymond James Financial reduced their target price on shares of Clean Harbors from $280.00 to $278.00 and set a “strong-buy” rating on the stock in a report on Tuesday, July 22nd. UBS Group dropped their price target on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.70.

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.