Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Amalgamated Bank

Amalgamated Bank raised its position in Clean Harbors, Inc. (NYSE:CLH) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,263 shares of the business services provider’s stock after purchasing an additional 73 shares during the period. Amalgamated Bank’s holdings in Clean Harbors were worth $5,584,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CLH. Hantz Financial Services Inc. increased its position in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after purchasing an additional 39 shares during the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Clean Harbors by 8.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after buying an additional 45 shares during the period. Traynor Capital Management Inc. lifted its position in shares of Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after purchasing an additional 50 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after buying an additional 53 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 57 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Down 1.5 %

Clean Harbors stock opened at $210.34 on Friday. The company’s 50-day moving average price is $231.04 and its two-hundred day moving average price is $241.50. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 28.35 and a beta of 1.24. Clean Harbors, Inc. has a 52 week low of $180.37 and a 52 week high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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 analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Cowen started coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird lowered their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Truist Financial reduced their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $270.56.

Insider Activity

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 924 shares of company stock worth $219,570. 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.