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Amalgamated Bank Cuts Stake in Clean Harbors, Inc. (NYSE:CLH)

Defense World ·  Sep 22, 2022 05:02

Amalgamated Bank decreased its holdings in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 3.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,725 shares of the business services provider's stock after selling 1,269 shares during the period. Amalgamated Bank owned approximately 0.06% of Clean Harbors worth $3,877,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. UMB Bank N A MO boosted its position in Clean Harbors by 656.3% during the 1st quarter. UMB Bank N A MO now owns 242 shares of the business services provider's stock valued at $27,000 after buying an additional 210 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Clean Harbors during the 1st quarter valued at $29,000. Huntington National Bank boosted its position in Clean Harbors by 153.9% during the 1st quarter. Huntington National Bank now owns 391 shares of the business services provider's stock valued at $44,000 after buying an additional 237 shares during the period. Quent Capital LLC purchased a new stake in Clean Harbors during the 4th quarter valued at $50,000. Finally, Lazard Asset Management LLC boosted its position in Clean Harbors by 107.9% during the 1st quarter. Lazard Asset Management LLC now owns 578 shares of the business services provider's stock valued at $64,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 88.85% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Clean Harbors from $131.00 to $150.00 in a research report on Thursday, August 4th. DA Davidson raised their target price on shares of Clean Harbors to $150.00 in a research report on Tuesday, August 9th. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 4th. Needham & Company LLC raised their target price on shares of Clean Harbors from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 4th. Finally, Raymond James raised their target price on shares of Clean Harbors from $135.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $139.14.

Clean Harbors Stock Down 0.7 %

Shares of Clean Harbors stock opened at $115.70 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.94 and a quick ratio of 1.66. The company has a 50-day moving average of $110.07 and a 200 day moving average of $102.08. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 20.51 and a beta of 1.43. Clean Harbors, Inc. has a 1 year low of $81.56 and a 1 year high of $124.49.

Clean Harbors (NYSE:CLH – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.91. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.23 billion. Clean Harbors had a net margin of 6.70% and a return on equity of 18.40%. Clean Harbors's quarterly revenue was up 46.8% compared to the same quarter last year. During the same period last year, the business earned $1.19 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 6.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 1,095 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $106.37, for a total value of $116,475.15. Following the completion of the transaction, the director now directly owns 10,719 shares in the company, valued at approximately $1,140,180.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 2,003 shares of the firm's stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $122.42, for a total transaction of $245,207.26. Following the completion of the sale, the executive vice president now directly owns 62,103 shares in the company, valued at approximately $7,602,649.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 1,095 shares of the firm's stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $106.37, for a total transaction of $116,475.15. Following the sale, the director now owns 10,719 shares of the company's stock, valued at $1,140,180.03. The disclosure for this sale can be found here. 6.60% of the stock is owned by company insiders.

Clean Harbors Profile

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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