Amica Mutual Insurance Co. Purchases 6,546 Shares of Clean Harbors, Inc. (NYSE:CLH)

Amica Mutual Insurance Co. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 75.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,279 shares of the business services provider’s stock after acquiring an additional 6,546 shares during the period. Amica Mutual Insurance Co.’s holdings in Clean Harbors were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in Clean Harbors by 13.3% in the third quarter. CWM LLC now owns 843 shares of the business services provider’s stock valued at $141,000 after buying an additional 99 shares during the period. Trinity Street Asset Management LLP acquired a new position in shares of Clean Harbors during the 3rd quarter valued at $15,792,000. Cambridge Investment Research Advisors Inc. boosted its stake in Clean Harbors by 2.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after acquiring an additional 71 shares in the last quarter. Simon Quick Advisors LLC acquired a new stake in Clean Harbors in the third quarter worth $255,000. Finally, Bank of New York Mellon Corp increased its stake in Clean Harbors by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 456,888 shares of the business services provider’s stock valued at $76,465,000 after purchasing an additional 4,229 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Down 0.4 %

NYSE CLH traded down $0.73 on Monday, reaching $193.27. The company had a trading volume of 261,177 shares, compared to its average volume of 320,178. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. The company’s fifty day moving average is $192.49 and its 200 day moving average is $176.28. Clean Harbors, Inc. has a 52-week low of $129.70 and a 52-week high of $204.06. The stock has a market capitalization of $10.56 billion, a P/E ratio of 27.81 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CLH. Robert W. Baird increased their price objective on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Truist Financial increased their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Oppenheimer boosted their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Needham & Company LLC upped their target price on Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $207.90.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Preston sold 1,913 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock valued at $4,819,554 in the last 90 days. 6.70% of the stock is currently owned by corporate insiders.

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.