SG Americas Securities LLC Lowers Stock Holdings in Clean Harbors, Inc. $CLH

SG Americas Securities LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 57.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 26,384 shares of the business services provider’s stock after selling 36,237 shares during the period. SG Americas Securities LLC’s holdings in Clean Harbors were worth $7,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $152,195,000. Durable Capital Partners LP purchased a new stake in shares of Clean Harbors during the third quarter worth approximately $133,217,000. Nordea Investment Management AB lifted its holdings in shares of Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares during the period. Two Sigma Investments LP grew its position in Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after buying an additional 229,666 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Clean Harbors stock opened at $301.68 on Friday. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The business has a fifty day moving average of $293.57 and a two-hundred day moving average of $277.65. The company has a market cap of $15.94 billion, a P/E ratio of 40.88 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. As a group, analysts predict that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CLH. Truist Financial upped their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Oppenheimer boosted their price target on shares of Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. TD Cowen raised their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.23.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.