Citigroup Inc. Acquires 12,878 Shares of Clean Harbors, Inc. (NYSE:CLH)

Citigroup Inc. increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,619 shares of the business services provider's stock after acquiring an additional 12,878 shares during the period. Citigroup Inc. owned about 0.43% of Clean Harbors worth $56,468,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Clean Harbors by 7.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider's stock valued at $328,000 after purchasing an additional 111 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Clean Harbors by 0.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,415 shares of the business services provider's stock worth $6,528,000 after acquiring an additional 234 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Clean Harbors in the first quarter valued at about $255,000. Lazard Asset Management LLC bought a new position in shares of Clean Harbors during the first quarter valued at about $155,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Clean Harbors by 21.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 294,897 shares of the business services provider's stock worth $59,366,000 after purchasing an additional 51,199 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CLH. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Needham & Company LLC reduced their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Oppenheimer raised their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Truist Financial lifted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One 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, the stock currently has a consensus rating of "Buy" and a consensus target price of $254.33.

Clean Harbors Stock Up 1.0 %

Shares of NYSE CLH traded up $2.47 during trading on Friday, reaching $252.50. The company had a trading volume of 353,569 shares, compared to its average volume of 404,032. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The business's 50-day moving average is $249.86 and its 200 day moving average is $235.09. The stock has a market cap of $13.61 billion, a PE ratio of 32.88 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the company posted $1.68 earnings per share. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael Louis Battles sold 10,000 shares of the business's stock in a transaction that occurred 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 trade was a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 in the last three months. Insiders own 5.90% of the company's stock.

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.