iA Global Asset Management Inc. Buys 441 Shares of Clean Harbors, Inc. (NYSE:CLH)

iA Global Asset Management Inc. lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,469 shares of the business services provider’s stock after acquiring an additional 441 shares during the quarter. iA Global Asset Management Inc.’s holdings in Clean Harbors were worth $1,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth approximately $732,000. Capstone Investment Advisors LLC acquired a new stake in Clean Harbors in the fourth quarter valued at $691,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in shares of Clean Harbors in the 1st quarter valued at about $14,161,000. Perpetual Ltd raised its holdings in shares of Clean Harbors by 9.6% in the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the period. Finally, LGT Group Foundation grew its holdings in Clean Harbors by 21.2% during the fourth quarter. LGT Group Foundation now owns 26,145 shares of the business services provider’s stock worth $4,600,000 after purchasing an additional 4,571 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the company’s 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 directly owns 2,494,211 shares in the company, valued at $537,527,412.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.90% of the stock is currently owned by insiders.

Clean Harbors Trading Up 1.6 %

Shares of NYSE:CLH opened at $245.90 on Friday. The company has a market capitalization of $13.26 billion, a P/E ratio of 35.59 and a beta of 1.21. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.72. The business’s 50 day simple moving average is $231.68 and its 200 day simple moving average is $211.91. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $247.24.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLH shares. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. 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 report on Thursday, July 11th. Needham & Company LLC raised their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average 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.