Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 29.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,636 shares of the business services provider’s stock after purchasing an additional 2,165 shares during the period. Pacer Advisors Inc.’s holdings in Clean Harbors were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC purchased a new position in Clean Harbors during the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC grew its holdings in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC increased its position in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in shares of Clean Harbors during the 3rd quarter worth approximately $926,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CLH. Stifel Nicolaus lifted their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Oppenheimer boosted their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Finally, Truist Financial raised their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $269.44.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,446 shares of company stock worth $2,112,800. Insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $232.93 on Friday. The business’s 50 day moving average price is $239.91 and its 200 day moving average price is $242.07. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 30.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a one year low of $167.86 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that Clean Harbors, Inc. will post 7.19 EPS for the current year.

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.