Clean Harbors, Inc. $CLH Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 57.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,621 shares of the business services provider’s stock after buying an additional 22,827 shares during the quarter. SG Americas Securities LLC owned about 0.12% of Clean Harbors worth $14,683,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Candriam S.C.A. raised its stake in shares of Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after buying an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Clean Harbors by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after buying an additional 15,872 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Clean Harbors by 715.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock worth $1,686,000 after acquiring an additional 6,371 shares during the period. Nordea Investment Management AB grew its holdings in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after acquiring an additional 569,388 shares during the period. Finally, Bessemer Group Inc. raised its position in Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after acquiring an additional 87,322 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

NYSE:CLH opened at $279.24 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market capitalization of $14.77 billion, a PE ratio of 38.36 and a beta of 0.93. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The company has a fifty day moving average of $276.85 and a two-hundred day moving average of $248.02.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Oppenheimer boosted their price target on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Wells Fargo & Company increased their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Truist Financial lifted their price objective on shares of Clean Harbors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, UBS Group upped their price objective on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $299.27.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the sale, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. The trade was a 2.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,597 shares of company stock worth $3,895,286 in the last quarter. 5.60% of the stock is owned by insiders.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.