Dynamic Technology Lab Private Ltd boosted its stake in shares of Clean Harbors Inc (NYSE:CLH) by 17.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,045 shares of the business services provider’s stock after buying an additional 3,265 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Clean Harbors were worth $1,577,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in CLH. NumerixS Investment Technologies Inc grew its position in shares of Clean Harbors by 89.2% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the business services provider’s stock worth $496,000 after buying an additional 3,300 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Clean Harbors by 6.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 32,034 shares of the business services provider’s stock worth $1,467,000 after purchasing an additional 1,936 shares during the last quarter. Sciencast Management LP purchased a new stake in Clean Harbors during the 1st quarter worth approximately $467,000. Bluestein R H & Co. purchased a new stake in Clean Harbors during the 1st quarter worth approximately $286,000. Finally, Canada Pension Plan Investment Board grew its position in Clean Harbors by 150.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 328,500 shares of the business services provider’s stock worth $16,210,000 after purchasing an additional 197,300 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.
Shares of CLH traded up $1.11 during trading hours on Friday, hitting $71.10. The stock had a trading volume of 498,445 shares, compared to its average volume of 427,231. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.92 and a quick ratio of 1.59. The business’s 50-day moving average is $67.35. Clean Harbors Inc has a fifty-two week low of $46.21 and a fifty-two week high of $77.24. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 56.43 and a beta of 1.61.
In other Clean Harbors news, insider Alan S. Mckim sold 38,682 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $65.32, for a total transaction of $2,526,708.24. Following the completion of the transaction, the insider now directly owns 3,659,858 shares in the company, valued at $239,061,924.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alan S. Mckim sold 11,318 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $65.30, for a total transaction of $739,065.40. Following the transaction, the insider now owns 3,648,540 shares of the company’s stock, valued at $238,249,662. The disclosure for this sale can be found here. Insiders have sold 63,267 shares of company stock valued at $4,196,255 over the last 90 days. 8.10% of the stock is currently owned by company insiders.
Several analysts have weighed in on CLH shares. BMO Capital Markets boosted their target price on shares of Clean Harbors from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. Finally, UBS Group lifted their price objective on shares of Clean Harbors from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $75.40.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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