Van ECK Associates Corp Sells 1,194 Shares of Clean Harbors, Inc. (NYSE:CLH)

Van ECK Associates Corp decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,821 shares of the business services provider’s stock after selling 1,194 shares during the quarter. Van ECK Associates Corp’s holdings in Clean Harbors were worth $2,761,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 71 shares during the period. Bank of New York Mellon Corp raised its holdings in Clean Harbors by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 456,888 shares of the business services provider’s stock valued at $76,465,000 after acquiring an additional 4,229 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Clean Harbors by 8.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the business services provider’s stock worth $2,179,000 after acquiring an additional 1,054 shares during the period. Strs Ohio grew its position in shares of Clean Harbors by 5.7% in the third quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after purchasing an additional 10,527 shares in the last quarter. Finally, Advisor Partners II LLC raised its stake in shares of Clean Harbors by 7.4% during the 3rd quarter. Advisor Partners II LLC now owns 1,721 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Oppenheimer boosted their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Raymond James boosted their price objective on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. Finally, Truist Financial upped their target price on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $213.35 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $11.51 billion, a PE ratio of 30.88 and a beta of 1.24. The business’s 50-day moving average price is $195.06 and its 200-day moving average price is $178.17. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $215.70.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders sold 31,385 shares of company stock worth $6,113,742 in the last ninety days. 5.90% of the stock is owned by company insiders.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and 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.