Amica Retiree Medical Trust Reduces Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Amica Retiree Medical Trust lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,562 shares of the business services provider’s stock after selling 66 shares during the quarter. Amica Retiree Medical Trust’s holdings in Clean Harbors were worth $360,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Reliant Investment Management LLC acquired a new position in Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $846,000. Mountain Pacific Investment Advisers LLC lifted its position in shares of Clean Harbors by 4.5% during 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 buying an additional 4,240 shares during the last quarter. Barclays PLC boosted its stake in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Clean Harbors during the 3rd quarter worth approximately $2,192,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Truist Financial lowered their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reduced 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $266.56.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $199.45 on Thursday. Clean Harbors, Inc. has a twelve month low of $186.54 and a twelve month high of $267.11. The business has a 50 day moving average price of $218.55 and a 200 day moving average price of $235.94. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 26.88 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. Research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by company insiders.

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.