22,460 Shares in Clean Harbors, Inc. $CLH Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Clean Harbors, Inc. (NYSE:CLHFree Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 22,460 shares of the business services provider’s stock, valued at approximately $6,398,000.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its stake in Clean Harbors by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,316 shares of the business services provider’s stock valued at $2,958,000 after acquiring an additional 280 shares during the period. Abel Hall LLC acquired a new stake in shares of Clean Harbors in the first quarter worth $363,000. Praxis Investment Management Inc. raised its holdings in shares of Clean Harbors by 12.4% during the first quarter. Praxis Investment Management Inc. now owns 1,585 shares of the business services provider’s stock worth $454,000 after purchasing an additional 175 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Clean Harbors by 36.3% during the first quarter. Koshinski Asset Management Inc. now owns 1,223 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 326 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in Clean Harbors in the first quarter valued at $272,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Tuesday, July 7th. Finally, Truist Financial increased their price target on shares of Clean Harbors from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.92.

Check Out Our Latest Stock Analysis on Clean Harbors

Clean Harbors Stock Performance

Shares of CLH stock opened at $306.18 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The business’s 50 day moving average is $293.43 and its two-hundred day moving average is $286.26. The company has a market capitalization of $16.18 billion, a P/E ratio of 41.49 and a beta of 0.86.

Clean Harbors (NYSE:CLHGet Free Report) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Clean Harbors, Inc. will post 8.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

Clean Harbors Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLHFree Report).

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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