Access Financial Services Inc. Takes $897,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Access Financial Services Inc. acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the first quarter, HoldingsChannel reports. The firm acquired 4,552 shares of the business services provider’s stock, valued at approximately $897,000.

A number of other institutional investors and hedge funds have also modified their holdings of CLH. Williamson Legacy Group LLC boosted its stake in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after buying an additional 53 shares in the last quarter. Deutsche Bank AG boosted its stake in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 56 shares in the last quarter. Scotia Capital Inc. boosted its stake in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 59 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Clean Harbors by 25.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider’s stock valued at $71,000 after buying an additional 62 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in Clean Harbors by 2.2% in the 4th quarter. Pitcairn Co. now owns 3,090 shares of the business services provider’s stock valued at $711,000 after buying an additional 67 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CLH. The Goldman Sachs Group decreased their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Needham & Company LLC decreased their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Robert W. Baird boosted their price target on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. UBS Group reduced their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial reduced their price objective on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Clean Harbors Trading Down 0.4%

CLH stock opened at $226.64 on Monday. The company has a market cap of $12.14 billion, a P/E ratio of 30.54 and a beta of 1.17. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $218.73 and a 200-day moving average of $221.73.

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

Insider Transactions at Clean Harbors

In related news, Director John R. Welch sold 1,250 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director now owns 11,402 shares in the company, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the sale, the chief executive officer now owns 51,619 shares of the company’s stock, valued at $11,626,147.37. This represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,077 shares of company stock worth $2,726,945 over the last 90 days. 5.60% of the stock is owned by insiders.

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.