New York Life Investment Management LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

New York Life Investment Management LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,322 shares of the business services provider’s stock, valued at approximately $929,000.

A number of other hedge funds have also recently added to or reduced their stakes in CLH. Millburn Ridgefield Corp acquired a new position in shares of Clean Harbors in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors in the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Clean Harbors in the 3rd quarter valued at about $33,000. Finally, Blue Trust Inc. lifted its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CLH. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. BMO Capital Markets increased their price objective on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Finally, Truist Financial increased their price objective on shares of Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Performance

Clean Harbors stock opened at $210.15 on Thursday. The stock has a 50 day moving average of $195.64 and a 200-day moving average of $178.40. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $215.70. The stock has a market cap of $11.34 billion, a P/E ratio of 30.41 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders have sold 31,385 shares of company stock valued at $6,113,742 over the last three months. Company insiders own 5.90% of the company’s stock.

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.