Intech Investment Management LLC Purchases 11,249 Shares of Clean Harbors, Inc. (NYSE:CLH)

Intech Investment Management LLC lifted its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,056 shares of the business services provider's stock after purchasing an additional 11,249 shares during the quarter. Intech Investment Management LLC owned 0.07% of Clean Harbors worth $8,528,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CLH. Raymond James Financial Inc. acquired a new stake in Clean Harbors during the fourth quarter worth about $57,956,000. FMR LLC boosted its stake in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after buying an additional 187,140 shares in the last quarter. Wellington Management Group LLP boosted its stake in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider's stock worth $834,323,000 after buying an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after buying an additional 99,591 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at $16,525,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company's stock.

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Clean Harbors Price Performance

NYSE CLH traded down $1.47 on Friday, hitting $196.43. 509,399 shares of the company were exchanged, compared to its average volume of 317,378. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11. The firm has a 50 day moving average of $220.56 and a two-hundred day moving average of $236.68. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $10.58 billion, a P/E ratio of 26.47 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $1.82 earnings per share. Clean Harbors's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLH. Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. BMO Capital Markets lowered their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Wednesday. Truist Financial decreased their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer dropped 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. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $266.56.

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.