Mutual of America Capital Management LLC Sells 1,527 Shares of Clean Harbors, Inc. (NYSE:CLH)

Mutual of America Capital Management LLC lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,413 shares of the business services provider’s stock after selling 1,527 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.10% of Clean Harbors worth $12,079,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the 2nd quarter valued at $56,000. Envestnet Asset Management Inc. raised its position in Clean Harbors by 17.7% in the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock valued at $20,253,000 after purchasing an additional 13,458 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Clean Harbors by 7.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 75,760 shares of the business services provider’s stock valued at $17,133,000 after purchasing an additional 5,375 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Clean Harbors by 1.3% during the second quarter. Federated Hermes Inc. now owns 392,190 shares of the business services provider’s stock worth $88,694,000 after purchasing an additional 5,008 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new position in shares of Clean Harbors in the second quarter valued at approximately $210,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

CLH stock opened at $239.83 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. The company’s 50-day moving average is $235.23 and its 200-day moving average is $217.02. The stock has a market capitalization of $12.94 billion, a PE ratio of 35.09 and a beta of 1.20. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $247.52.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CLH. Robert W. Baird boosted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Oppenheimer upped their price target on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $242.40.

About Clean Harbors

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.