Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Sycomore Asset Management

Sycomore Asset Management cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 7.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,935 shares of the business services provider’s stock after selling 1,228 shares during the quarter. Sycomore Asset Management’s holdings in Clean Harbors were worth $3,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clearbridge Investments LLC increased its holdings in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares during the last quarter. Dana Investment Advisors Inc. raised its position in Clean Harbors by 366.7% in the second quarter. Dana Investment Advisors Inc. now owns 46,645 shares of the business services provider’s stock valued at $10,549,000 after purchasing an additional 36,651 shares during the period. Cetera Investment Advisers lifted its stake in shares of Clean Harbors by 10.6% in the 2nd quarter. Cetera Investment Advisers now owns 16,626 shares of the business services provider’s stock valued at $3,760,000 after purchasing an additional 1,597 shares during the last quarter. Ecofi Investissements SA purchased a new position in shares of Clean Harbors during the 2nd quarter worth $6,213,000. Finally, Seaport Global Advisors LLC acquired a new stake in shares of Clean Harbors during the 2nd quarter worth about $688,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLH has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday. Truist Financial raised their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer increased their target price on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Trading Up 1.5 %

CLH opened at $241.99 on Tuesday. The business has a fifty day moving average price of $238.05 and a 200 day moving average price of $220.60. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $251.65. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 35.02 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. Sell-side analysts expect that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Clean Harbors Company 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.