Atria Investments Inc Sells 260 Shares of Clean Harbors, Inc. (NYSE:CLH)

Atria Investments Inc lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,078 shares of the business services provider’s stock after selling 260 shares during the quarter. Atria Investments Inc owned 0.05% of Clean Harbors worth $5,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Swedbank AB bought a new stake in Clean Harbors in the first quarter valued at about $12,079,000. LRI Investments LLC bought a new stake in Clean Harbors during the first quarter worth about $288,000. iA Global Asset Management Inc. grew its stake in Clean Harbors by 9.1% during the first quarter. iA Global Asset Management Inc. now owns 4,028 shares of the business services provider’s stock worth $811,000 after buying an additional 337 shares during the last quarter. Hancock Whitney Corp grew its stake in Clean Harbors by 3.5% during the first quarter. Hancock Whitney Corp now owns 48,022 shares of the business services provider’s stock worth $9,667,000 after buying an additional 1,622 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Clean Harbors by 114.8% during the first quarter. Tidal Investments LLC now owns 11,462 shares of the business services provider’s stock worth $2,307,000 after buying an additional 6,125 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 3.0 %

NYSE CLH traded down $7.39 during trading hours on Friday, hitting $235.00. The company’s stock had a trading volume of 456,023 shares, compared to its average volume of 304,903. The stock has a fifty day moving average of $224.13 and a 200 day moving average of $202.71. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $246.28. The firm has a market capitalization of $12.68 billion, a P/E ratio of 34.03 and a beta of 1.21. The company has a quick ratio of 1.72, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Clean Harbors’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Clean Harbors, Inc. will post 7.56 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 1,148 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares in the company, valued at $537,527,412.61. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Oppenheimer upped their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday. Robert W. Baird upped their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James upped their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $242.40.

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.