AGF Management Ltd. Has $15.68 Million Position in Clean Harbors, Inc. (NYSE:CLH)

AGF Management Ltd. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 68,149 shares of the business services provider’s stock after selling 10,796 shares during the period. AGF Management Ltd.’s holdings in Clean Harbors were worth $15,684,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after buying an additional 100,394 shares during the period. FMR LLC raised its position in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares in the last quarter. Janus Henderson Group PLC raised its position in Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after acquiring an additional 7,948 shares in the last quarter. State Street Corp raised its position in Clean Harbors by 1.5% during the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after acquiring an additional 21,662 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Clean Harbors by 1.4% during the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock worth $204,955,000 after acquiring an additional 11,808 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,649 shares of company stock worth $738,519 in the last quarter. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Up 2.3 %

CLH stock opened at $192.42 on Wednesday. The stock has a market capitalization of $10.36 billion, a P/E ratio of 25.93 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12 month low of $185.22 and a 12 month high of $267.11. The firm has a 50-day moving average price of $226.20 and a 200-day moving average price of $239.35.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CLH shares. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Oppenheimer reduced their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Truist Financial reduced their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $270.56.

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.