New York Life Investment Management LLC Takes $1.07 Million Position in Clean Harbors, Inc. $CLH

New York Life Investment Management LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,543 shares of the business services provider’s stock, valued at approximately $1,065,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Clean Harbors by 0.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock valued at $2,197,000 after purchasing an additional 49 shares during the period. GAMMA Investing LLC raised its position in shares of Clean Harbors by 5.4% in the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the period. US Bancorp DE raised its position in shares of Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 54 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after purchasing an additional 60 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLH. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Truist Financial lifted their price objective on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. BMO Capital Markets lifted their price objective on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Oppenheimer lifted their price objective on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $322.08.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $292.75 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The firm has a fifty day moving average price of $295.91 and a two-hundred day moving average price of $264.13. The company has a market cap of $15.47 billion, a PE ratio of 39.67 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. Analysts expect that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the sale, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. The trade was a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the sale, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.00% of the stock is currently owned by company insiders.

About Clean Harbors

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.