First Trust Advisors LP Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

First Trust Advisors LP increased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,941 shares of the business services provider's stock after purchasing an additional 117,718 shares during the period. First Trust Advisors LP owned approximately 0.69% of Clean Harbors worth $85,138,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Clean Harbors by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Bessemer Group Inc. grew its position in Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock worth $252,042,000 after purchasing an additional 9,595 shares in the last quarter. Finally, Norges Bank purchased a new stake in Clean Harbors in the 4th quarter valued at about $136,974,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analyst Weigh In

CLH has been the subject of several recent analyst reports. Truist Financial reduced their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday. Oppenheimer reduced their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Robert W. Baird reduced their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $258.40.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

CLH traded up $0.25 on Friday, hitting $212.25. The company's stock had a trading volume of 307,414 shares, compared to its average volume of 346,457. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The firm has a market cap of $11.50 billion, a P/E ratio of 28.61 and a beta of 1.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company's 50 day simple moving average is $201.53 and its 200-day simple moving average is $229.15.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.82 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors Company 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.