Atria Investments Inc Purchases 1,105 Shares of Clean Harbors, Inc. (NYSE:CLH)

Atria Investments Inc raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,548 shares of the business services provider’s stock after buying an additional 1,105 shares during the quarter. Atria Investments Inc’s holdings in Clean Harbors were worth $4,959,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CLH. FMR LLC raised its holdings in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the period. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Clean Harbors by 50.4% during the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after purchasing an additional 99,591 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at about $16,525,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Clean Harbors during the third quarter valued at about $17,258,000. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 924 shares of company stock valued at $219,570 in the last three months. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Trading Down 0.1 %

NYSE:CLH opened at $197.29 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 26.59 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $184.51 and a 52 week high of $267.11. The firm has a 50-day moving average price of $228.43 and a two-hundred day moving average price of $240.43.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

About Clean Harbors

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.