Mountain Pacific Investment Advisers Inc. ID Purchases Shares of 70,344 Clean Harbors, Inc. (NYSE:CLH)

Mountain Pacific Investment Advisers Inc. ID purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, Holdings Channel reports. The firm purchased 70,344 shares of the business services provider’s stock, valued at approximately $14,161,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLH. Norges Bank purchased a new stake in Clean Harbors in the 4th quarter valued at about $87,074,000. Wellington Management Group LLP grew its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the period. Ameriprise Financial Inc. grew its holdings in Clean Harbors by 61.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock valued at $65,983,000 after buying an additional 150,251 shares during the period. DAVENPORT & Co LLC purchased a new stake in Clean Harbors in the 4th quarter valued at about $23,999,000. Finally, Sandler Capital Management grew its holdings in Clean Harbors by 232.4% in the 3rd quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock valued at $26,822,000 after buying an additional 112,047 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 target price on shares of Clean Harbors in a report on Monday, April 22nd. Truist Financial boosted their target price on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Up 0.2 %

Shares of CLH traded up $0.47 during trading on Friday, reaching $226.13. The company’s stock had a trading volume of 518,184 shares, compared to its average volume of 250,597. The company has a fifty day moving average of $210.50 and a two-hundred day moving average of $191.27. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $228.35. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 32.73 and a beta of 1.22. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $1.36 EPS. Clean Harbors’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.47 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total transaction of $250,424.72. Following the sale, the director now directly owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the transaction, the insider now directly owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lauren States sold 1,148 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,344 shares of company stock valued at $13,911,876. Corporate insiders own 5.90% of the company’s stock.

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.