Thornburg Investment Management Inc. Sells 4,914 Shares of Clean Harbors, Inc. (NYSE:CLH)

Thornburg Investment Management Inc. lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,962 shares of the business services provider’s stock after selling 4,914 shares during the quarter. Thornburg Investment Management Inc. owned about 0.14% of Clean Harbors worth $17,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Clean Harbors in the 2nd quarter valued at about $25,000. Rise Advisors LLC purchased a new stake in shares of Clean Harbors during the 1st quarter worth approximately $27,000. GAMMA Investing LLC increased its stake in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $34,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $239.93 on Thursday. The stock has a market cap of $12.95 billion, a PE ratio of 34.72 and a beta of 1.20. The company’s fifty day moving average is $233.62 and its 200 day moving average is $215.11. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts anticipate that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Robert W. Baird raised their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Oppenheimer lifted their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $242.40.

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.