Clean Harbors, Inc. (NYSE:CLH) Shares Sold by American International Group Inc.

American International Group Inc. lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,585 shares of the business services provider’s stock after selling 1,443 shares during the period. American International Group Inc.’s holdings in Clean Harbors were worth $13,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV raised its holdings in shares of Clean Harbors by 4.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Clean Harbors by 0.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after buying an additional 58 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Clean Harbors by 52.4% during the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares during the last quarter. Finally, Commerce Bank raised its holdings in Clean Harbors by 3.3% during the fourth quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock worth $429,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were 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 $3,003,133.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were 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 $3,003,133.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the sale, the chief financial officer now directly owns 21,482 shares in the company, valued at $4,484,152.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,348 shares of company stock valued at $12,320,113. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Performance

Shares of CLH traded down $0.78 during trading hours on Thursday, reaching $226.54. 81,255 shares of the company traded hands, compared to its average volume of 310,779. The stock’s fifty day moving average is $221.97 and its 200 day moving average is $199.88. The stock has a market cap of $12.22 billion, a P/E ratio of 32.90 and a beta of 1.21. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $237.35.

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

Analysts Set New Price Targets

CLH has been the topic of several recent analyst reports. 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a report on Monday, April 22nd. Robert W. Baird upped their price target on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Raymond James upped their price target on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $218.40.

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.