Clean Harbors, Inc. $CLH Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 34.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,160 shares of the business services provider’s stock after selling 83,605 shares during the quarter. Victory Capital Management Inc.’s holdings in Clean Harbors were worth $36,960,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLH. Bessemer Group Inc. raised its stake in Clean Harbors by 8.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after purchasing an additional 87,322 shares during the last quarter. Norges Bank acquired a new stake in shares of Clean Harbors during the 2nd quarter worth about $147,632,000. First Trust Advisors LP grew its holdings in shares of Clean Harbors by 2.8% during the second quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock worth $127,190,000 after buying an additional 14,865 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Clean Harbors in the third quarter valued at approximately $108,608,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Clean Harbors by 29.7% during the second quarter. Handelsbanken Fonder AB now owns 395,069 shares of the business services provider’s stock valued at $91,332,000 after buying an additional 90,491 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

CLH opened at $282.97 on Monday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 38.87 and a beta of 0.92. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $265.39 and its 200 day moving average price is $243.40.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $1.55 earnings per share. Clean Harbors’s revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Sharon M. Gabriel sold 3,540 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the sale, the executive vice president owned 23,193 shares in the company, valued at $6,542,049.51. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,679 shares of company stock worth $2,132,403. Company insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CLH shares. Needham & Company LLC lifted their target price on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Truist Financial increased their price target on Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company raised their price target on Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $292.18.

Clean Harbors Company Profile

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.