IQ EQ FUND MANAGEMENT IRELAND Ltd Cuts Holdings in Clean Harbors, Inc. (NYSE:CLH)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 55.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,206 shares of the business services provider’s stock after selling 6,559 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Clean Harbors were worth $1,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after purchasing an additional 78,848 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Clean Harbors by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after purchasing an additional 12,411 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Clean Harbors by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $87,074,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.1 %

NYSE CLH traded up $0.28 during trading on Thursday, hitting $241.84. The company had a trading volume of 346,903 shares, compared to its average volume of 306,306. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $247.24. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 35.00 and a beta of 1.21. The company’s fifty day moving average is $231.29 and its 200-day moving average is $211.45.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business earned $2.13 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLH. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company 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 company an “outperform” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 20th. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $242.40.

Insiders Place Their Bets

In related news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now directly owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.90% of the company’s stock.

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.