Windsor Group LTD grew its stake in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 67.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,215 shares of the business services provider’s stock after acquiring an additional 18,690 shares during the quarter. Clean Harbors comprises approximately 1.4% of Windsor Group LTD’s portfolio, making the stock its 21st biggest holding. Windsor Group LTD owned approximately 0.09% of Clean Harbors worth $7,599,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Raymond James & Associates grew its stake in Clean Harbors by 146.7% in the 1st quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after acquiring an additional 22,012 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Clean Harbors during the 1st quarter worth about $1,672,000. HighTower Advisors LLC boosted its position in shares of Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock worth $793,000 after acquiring an additional 2,883 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Clean Harbors by 122.5% in the first quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock worth $492,000 after acquiring an additional 2,435 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Clean Harbors by 33.5% during the first quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock worth $3,616,000 after purchasing an additional 8,127 shares during the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.
Insider Activity at Clean Harbors
In other news, VP George L. Curtis sold 717 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $164.43, for a total transaction of $117,896.31. Following the completion of the transaction, the vice president now owns 58,405 shares in the company, valued at $9,603,534.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Clean Harbors news, CFO Eric J. Dugas sold 3,500 shares of Clean Harbors stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $171.00, for a total transaction of $598,500.00. Following the sale, the chief financial officer now owns 25,114 shares of the company’s stock, valued at approximately $4,294,494. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP George L. Curtis sold 717 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $164.43, for a total value of $117,896.31. Following the transaction, the vice president now owns 58,405 shares of the company’s stock, valued at approximately $9,603,534.15. The disclosure for this sale can be found here. Insiders sold 41,804 shares of company stock worth $7,073,834 in the last 90 days. 6.60% of the stock is currently owned by company insiders.
Clean Harbors Stock Performance
Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Clean Harbors had a net margin of 7.60% and a return on equity of 20.42%. Clean Harbors’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.44 earnings per share. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.18 EPS for the current year.
Analyst Upgrades and Downgrades
CLH has been the subject of several research reports. Truist Financial boosted their price objective on shares of Clean Harbors from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. The Goldman Sachs Group upped their price target on Clean Harbors from $166.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Clean Harbors in a research note on Monday. Needham & Company LLC restated a “buy” rating and issued a $182.00 price target on shares of Clean Harbors in a report on Thursday, August 3rd. Finally, BMO Capital Markets increased their target price on Clean Harbors from $180.00 to $187.00 in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.89.
About Clean Harbors
Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.
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