Clean Harbors, Inc. $CLH Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.8% during the second quarter, Holdings Channel.com reports. The fund owned 3,155,233 shares of the business services provider’s stock after selling 421,801 shares during the quarter. Wellington Management Group LLP owned 0.06% of Clean Harbors worth $942,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after purchasing an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Clean Harbors by 47.7% during the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after buying an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. grew its position in Clean Harbors by 65.1% in the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after buying an additional 1,908 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings 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 valued at $1,021,000 after buying an additional 60 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Down 0.4%

Shares of NYSE:CLH opened at $310.56 on Friday. The firm has a market capitalization of $16.39 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $307.51 and a two-hundred day moving average of $296.28.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. On average, equities analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup raised their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Truist Financial upped their target price on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $375.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. Needham & Company LLC lifted their price target on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, TD Cowen boosted their price objective on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Insider Activity at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.00% of the company’s stock.

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.