Ameritas Investment Partners Inc. Has $4.43 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Ameritas Investment Partners Inc. lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,594 shares of the business services provider’s stock after selling 1,526 shares during the period. Ameritas Investment Partners Inc.’s holdings in Clean Harbors were worth $4,431,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its stake in shares of Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 47 shares in the last quarter. Quent Capital LLC boosted its stake in Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 47 shares during the last quarter. Fifth Third Bancorp increased its holdings in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV raised its stake in shares of Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Down 0.1 %

Shares of CLH opened at $247.10 on Friday. The firm has a market cap of $13.33 billion, a P/E ratio of 35.76 and a beta of 1.20. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $247.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The business has a 50-day moving average of $236.37 and a 200 day moving average of $217.82.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the topic of several analyst reports. Truist Financial lifted their target price on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Needham & Company LLC upped their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Robert W. Baird lifted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $242.40.

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.