Algebris UK Ltd Buys Shares of 5,770 Clean Harbors, Inc. (NYSE:CLH)

Algebris UK Ltd bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,770 shares of the business services provider's stock, valued at approximately $1,283,000. Clean Harbors accounts for 0.3% of Algebris UK Ltd's portfolio, making the stock its 29th biggest position.

Other institutional investors also recently modified their holdings of the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $4,386,000. Fiduciary Alliance LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $846,000. Mountain Pacific Investment Advisers LLC boosted its position in shares of Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after acquiring an additional 4,240 shares during the period. Barclays PLC boosted its position in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after acquiring an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Clean Harbors in the third quarter valued at about $1,692,000. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 price objective for the company. Truist Financial cut their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Clean Harbors has an average rating of "Buy" and a consensus target price of $266.56.

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Clean Harbors Price Performance

Shares of CLH stock traded down $1.47 on Friday, reaching $196.43. The company had a trading volume of 509,399 shares, compared to its average volume of 317,378. The stock has a market capitalization of $10.58 billion, a PE ratio of 26.47 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a one year low of $186.54 and a one year high of $267.11. The business's 50-day moving average is $220.56 and its 200 day moving average is $236.68.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In other news, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last quarter. 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.