Bank of New York Mellon Corp lifted its position in Clean Harbors Inc (NYSE:CLH) by 73.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 910,876 shares of the business services provider’s stock after purchasing an additional 386,538 shares during the quarter. Bank of New York Mellon Corp’s holdings in Clean Harbors were worth $46,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Columbus Circle Investors raised its stake in shares of Clean Harbors by 5.1% in the fourth quarter. Columbus Circle Investors now owns 577,245 shares of the business services provider’s stock valued at $49,499,000 after purchasing an additional 27,778 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Clean Harbors in the fourth quarter valued at $3,837,000. AlphaCrest Capital Management LLC raised its stake in shares of Clean Harbors by 13.8% in the fourth quarter. AlphaCrest Capital Management LLC now owns 10,811 shares of the business services provider’s stock valued at $927,000 after purchasing an additional 1,309 shares in the last quarter. Jefferies Group LLC raised its stake in shares of Clean Harbors by 43.2% in the fourth quarter. Jefferies Group LLC now owns 4,439 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Clean Harbors by 6.1% in the fourth quarter. Macquarie Group Ltd. now owns 94,712 shares of the business services provider’s stock valued at $8,121,000 after purchasing an additional 5,484 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Shares of CLH stock opened at $57.45 on Friday. The stock’s fifty day moving average is $51.66 and its 200-day moving average is $71.39. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.93 and a current ratio of 2.26. The stock has a market capitalization of $3.17 billion, a PE ratio of 29.61 and a beta of 1.51. Clean Harbors Inc has a 52 week low of $29.45 and a 52 week high of $88.40.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, April 29th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.09 by $0.19. The company had revenue of $858.60 million for the quarter, compared to analysts’ expectations of $795.84 million. Clean Harbors had a return on equity of 9.46% and a net margin of 3.10%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, analysts forecast that Clean Harbors Inc will post 0.89 earnings per share for the current fiscal year.

In other news, CFO Michael Louis Battles purchased 1,650 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $46.45 per share, with a total value of $76,642.50. Following the completion of the purchase, the chief financial officer now directly owns 38,228 shares of the company’s stock, valued at approximately $1,775,690.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Speights purchased 545 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were purchased at an average cost of $45.97 per share, for a total transaction of $25,053.65. Following the purchase, the executive vice president now directly owns 16,338 shares of the company’s stock, valued at $751,057.86. The disclosure for this purchase can be found here. Insiders have bought 4,111 shares of company stock worth $176,611 in the last 90 days. Company insiders own 8.10% of the company’s stock.

A number of analysts have weighed in on the company. ValuEngine upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets lowered their price target on Clean Harbors from $93.00 to $63.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Goldman Sachs Group reiterated a “neutral” rating and issued a $89.00 price target on shares of Clean Harbors in a research report on Friday, February 28th. Oppenheimer reiterated a “buy” rating and issued a $75.00 price target on shares of Clean Harbors in a research report on Friday, April 24th. Finally, Stifel Nicolaus lowered their price target on Clean Harbors from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.89.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

Further Reading: What is the accumulation/distribution indicator?

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors Inc (NYSE:CLH).

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.