Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Clean Harbors, Inc. (NYSE:CLH) by 25.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,309 shares of the business services provider’s stock after purchasing an additional 4,554 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Clean Harbors were worth $4,491,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CLH. Moody National Bank Trust Division acquired a new position in Clean Harbors in the fourth quarter worth about $829,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors in the fourth quarter valued at approximately $25,000. Advisor Resource Council boosted its stake in Clean Harbors by 297.5% in the fourth quarter. Advisor Resource Council now owns 9,229 shares of the business services provider’s stock valued at $1,610,000 after acquiring an additional 6,907 shares during the period. Legato Capital Management LLC boosted its stake in Clean Harbors by 13.2% in the fourth quarter. Legato Capital Management LLC now owns 7,984 shares of the business services provider’s stock valued at $1,393,000 after acquiring an additional 930 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Clean Harbors by 13.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 106,395 shares of the business services provider’s stock valued at $18,567,000 after acquiring an additional 12,280 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.3 %

Shares of CLH stock traded up $0.62 on Friday, hitting $227.90. The company’s stock had a trading volume of 5,874 shares, compared to its average volume of 311,380. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $237.35. The firm’s fifty day moving average price is $220.53 and its 200-day moving average price is $197.90. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 32.89 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $1.36 EPS. Clean Harbors’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts anticipate that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CLH shares. Raymond James lifted their price target on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Truist Financial lifted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Needham & Company LLC restated a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $218.40.

Insiders Place Their Bets

In other news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the transaction, the director now owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Alan S. Mckim sold 50,000 shares of the company’s 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 sale, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 1,148 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock valued at $12,320,113 in the last quarter. Insiders own 5.90% of the company’s stock.

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.