Sei Investments Co. Purchases 15,395 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sei Investments Co. raised its position in Clean Harbors, Inc. (NYSE:CLH) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,241 shares of the business services provider’s stock after buying an additional 15,395 shares during the quarter. Sei Investments Co. owned about 0.34% of Clean Harbors worth $37,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors during the 4th quarter valued at $732,000. Capstone Investment Advisors LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at $691,000. International Assets Investment Management LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at $2,710,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in shares of Clean Harbors during the 1st quarter valued at $14,161,000. Finally, Perpetual Ltd raised its stake in shares of Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now owns 21,482 shares in the company, valued at approximately $4,484,152.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. Insiders sold 57,348 shares of company stock worth $12,320,113 in the last ninety days. 5.90% of the stock is owned by company insiders.

Clean Harbors Trading Up 0.7 %

CLH stock traded up $1.49 during trading on Monday, hitting $228.55. 250,554 shares of the company traded hands, compared to its average volume of 315,224. The firm has a market capitalization of $12.33 billion, a PE ratio of 32.86 and a beta of 1.21. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $231.48. The company has a 50-day moving average of $219.06 and a 200-day moving average of $196.67. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Analysts predict that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CLH shares. Needham & Company LLC reiterated a “buy” rating and set a $235.00 price objective on shares of Clean Harbors in a research note on Thursday, May 2nd. Raymond James upped their target price on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their target price on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, Truist Financial upped their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $218.40.

About Clean Harbors

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.