Capital Impact Advisors LLC Sells 432 Shares of Clean Harbors, Inc. (NYSE:CLH)

Capital Impact Advisors LLC reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.8% during the second quarter, HoldingsChannel reports. The firm owned 2,703 shares of the business services provider’s stock after selling 432 shares during the period. Capital Impact Advisors LLC’s holdings in Clean Harbors were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Clean Harbors by 5.2% during the first 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 during the last quarter. Bessemer Group Inc. raised its holdings in shares of Clean Harbors by 1.2% during the first 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 during the last quarter. Clearbridge Investments LLC lifted its position in Clean Harbors by 9.4% during the first 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 during the period. Finally, Marshall Wace LLP boosted its holdings in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research analyst reports. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Needham & Company LLC boosted their price target on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Oppenheimer increased 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, August 1st. Finally, Truist Financial boosted their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $242.40.

Insider Activity

In related news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Clean Harbors Trading Down 2.0 %

Clean Harbors stock opened at $238.43 on Monday. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $251.65. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 34.51 and a beta of 1.20. The firm has a 50 day moving average of $237.89 and a 200 day moving average of $220.22. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted $2.13 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

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.