Mercer Global Advisors Inc. ADV Sells 1,511 Shares of Clean Harbors, Inc. (NYSE:CLH)

Mercer Global Advisors Inc. ADV reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,712 shares of the business services provider’s stock after selling 1,511 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Clean Harbors were worth $1,315,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $4,386,000. Mountain Pacific Investment Advisers LLC increased its holdings in shares of Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after purchasing an additional 4,240 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors in the fourth quarter worth $846,000. Barclays PLC lifted its holdings in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in shares of Clean Harbors by 20.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider’s stock valued at $21,588,000 after buying an additional 16,170 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

NYSE CLH opened at $226.93 on Friday. The business’s fifty day moving average is $202.33 and its 200 day moving average is $226.56. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market capitalization of $12.16 billion, a PE ratio of 30.58 and a beta of 1.19.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.29 EPS. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird raised their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Needham & Company LLC cut their target price on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Finally, UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.67.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

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.