Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,090 shares of the business services provider’s stock after acquiring an additional 67 shares during the period. Pitcairn Co.’s holdings in Clean Harbors were worth $711,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Traynor Capital Management Inc. lifted its position in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after buying an additional 50 shares in the last quarter. Williamson Legacy Group LLC boosted its position in shares of Clean Harbors by 1.4% during the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after acquiring an additional 53 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 57 shares during the period. Versant Capital Management Inc increased its position in Clean Harbors by 17.8% during the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock worth $88,000 after purchasing an additional 58 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Clean Harbors by 15.7% during the fourth quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock worth $107,000 after purchasing an additional 60 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 4.2 %

Shares of CLH stock opened at $190.21 on Friday. The stock has a market capitalization of $10.24 billion, a P/E ratio of 25.63 and a beta of 1.11. Clean Harbors, Inc. has a fifty-two week low of $184.52 and a fifty-two 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 company has a 50 day moving average price of $212.46 and a 200 day moving average price of $233.93.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLH. Truist Financial dropped their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Oppenheimer decreased their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $266.56.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s 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 directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by company insiders.

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.