Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 50,760 shares of the business services provider’s stock after selling 2,653 shares during the period. Mutual of America Capital Management LLC’s holdings in Clean Harbors were worth $12,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Swedbank AB raised its position in Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new stake in shares of Clean Harbors during the second quarter worth about $729,000. Advisor Resource Council purchased a new position in shares of Clean Harbors during the third quarter worth about $926,000. Finally, Northcape Capital Pty Ltd acquired a new position in Clean Harbors in the 3rd quarter valued at about $2,324,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert Speights sold 610 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Down 1.3 %

CLH stock opened at $247.39 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company’s 50-day moving average price is $249.02 and its 200 day moving average price is $233.92. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a market cap of $13.33 billion, a P/E ratio of 32.21 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $1.68 EPS. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the topic of several analyst reports. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $254.33.

Clean Harbors 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.