Mutual of America Capital Management LLC Has $11.06 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Mutual of America Capital Management LLC reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,940 shares of the business services provider’s stock after selling 1,149 shares during the period. Mutual of America Capital Management LLC owned 0.10% of Clean Harbors worth $11,060,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. FORA Capital LLC boosted its holdings in shares of Clean Harbors by 276.0% in the 1st quarter. FORA Capital LLC now owns 4,568 shares of the business services provider’s stock valued at $920,000 after buying an additional 3,353 shares during the last quarter. BNP Paribas bought a new position in Clean Harbors during the first quarter worth about $1,659,000. Capital Investment Counsel Inc bought a new stake in Clean Harbors in the first quarter valued at approximately $201,000. Retirement Systems of Alabama boosted its stake in shares of Clean Harbors by 1.5% during the 1st quarter. Retirement Systems of Alabama now owns 122,356 shares of the business services provider’s stock worth $24,631,000 after acquiring an additional 1,829 shares during the period. Finally, Van ECK Associates Corp raised its stake in Clean Harbors by 16.6% in the 1st quarter. Van ECK Associates Corp now owns 18,448 shares of the business services provider’s stock valued at $3,714,000 after acquiring an additional 2,627 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

CLH has been the topic of several research analyst reports. Raymond James increased their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a research note on Thursday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. Truist Financial boosted their price target on Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Robert W. Baird increased their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $216.40.

Insider Transactions at Clean Harbors

In related news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Lauren States sold 1,148 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The disclosure for this sale can be found here. Insiders have sold 57,348 shares of company stock valued at $12,320,113 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Down 0.3 %

Shares of NYSE CLH traded down $0.59 during midday trading on Tuesday, reaching $222.60. The stock had a trading volume of 73,831 shares, compared to its average volume of 315,435. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The company’s 50 day moving average price is $217.21 and its 200 day moving average price is $195.35. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $231.15. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 32.30 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 earnings per share. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.47 EPS for the current year.

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.