Candriam S.C.A. Boosts Stock Position in Clean Harbors, Inc. $CLH

Candriam S.C.A. boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 19.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,781 shares of the business services provider’s stock after purchasing an additional 6,070 shares during the quarter. Candriam S.C.A.’s holdings in Clean Harbors were worth $10,546,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Clean Harbors by 5.4% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after buying an additional 53 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Clean Harbors by 2.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares in the last quarter. US Bancorp DE lifted its position in Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 59 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in 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 valued at $1,021,000 after acquiring an additional 60 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 0.0%

NYSE CLH opened at $304.03 on Monday. The company has a fifty day simple moving average of $292.02 and a two-hundred day simple moving average of $281.96. The stock has a market cap of $16.07 billion, a P/E ratio of 41.20 and a beta of 0.86. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, analysts forecast that Clean Harbors, Inc. will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CLH. Citigroup lifted their price target on shares of Clean Harbors from $346.00 to $349.00 and gave the stock a “buy” rating in a report on Friday. UBS Group increased their price objective on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Oppenheimer boosted their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $326.00.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.00% of the stock is owned by company insiders.

Clean Harbors 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.