PNC Financial Services Group Inc. lifted its position in shares of Clean Harbors Inc (NYSE:CLH) by 1.9% during the first quarter, HoldingsChannel.com reports. The fund owned 31,495 shares of the business services provider’s stock after acquiring an additional 587 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Clean Harbors were worth $2,253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Clean Harbors by 46.6% during the first quarter. Victory Capital Management Inc. now owns 1,582,534 shares of the business services provider’s stock worth $113,198,000 after buying an additional 502,754 shares during the period. Norges Bank acquired a new position in Clean Harbors during the fourth quarter worth about $23,484,000. Millennium Management LLC grew its position in Clean Harbors by 967.6% during the fourth quarter. Millennium Management LLC now owns 490,152 shares of the business services provider’s stock worth $24,189,000 after buying an additional 444,239 shares during the period. Columbus Circle Investors acquired a new position in Clean Harbors during the first quarter worth about $26,089,000. Finally, 1060 Capital LLC acquired a new position in Clean Harbors during the fourth quarter worth about $13,571,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Several brokerages have weighed in on CLH. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th. UBS Group upped their target price on shares of Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, BMO Capital Markets upped their target price on shares of Clean Harbors from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Clean Harbors has an average rating of “Buy” and a consensus price target of $75.40.

In other news, EVP Brian P. Weber sold 1,777 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $71.00, for a total value of $126,167.00. Following the sale, the executive vice president now directly owns 57,311 shares in the company, valued at $4,069,081. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Louis Battles sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $69.74, for a total transaction of $278,960.00. Following the completion of the sale, the chief financial officer now owns 47,007 shares in the company, valued at $3,278,268.18. The disclosure for this sale can be found here. Insiders sold 59,777 shares of company stock worth $3,958,301 over the last quarter. Company insiders own 8.70% of the company’s stock.

Shares of CLH opened at $66.88 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of 1.33. Clean Harbors Inc has a twelve month low of $46.21 and a twelve month high of $77.24. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 53.08 and a beta of 1.61.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The business had revenue of $780.80 million for the quarter, compared to analyst estimates of $792.78 million. Clean Harbors had a net margin of 2.38% and a return on equity of 7.01%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share. Equities analysts anticipate that Clean Harbors Inc will post 1.82 EPS for the current year.

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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.

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

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