Clearbridge Investments LLC Acquires 69,578 Shares of Clean Harbors, Inc. (NYSE:CLH)

Clearbridge Investments LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 810,175 shares of the business services provider’s stock after purchasing an additional 69,578 shares during the quarter. Clearbridge Investments LLC’s holdings in Clean Harbors were worth $163,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $732,000. Capstone Investment Advisors LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $691,000. International Assets Investment Management LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $2,710,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in shares of Clean Harbors in the first quarter valued at about $14,161,000. Finally, Perpetual Ltd raised its holdings in shares of Clean Harbors by 9.6% in the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after acquiring an additional 4,606 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Transactions at Clean Harbors

In related news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares in the company, valued at $537,527,412.61. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,348 shares of company stock worth $12,320,113. Insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CLH. Truist Financial lifted their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Robert W. Baird lifted their target price on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $218.40.

Clean Harbors Stock Down 0.0 %

Shares of CLH stock traded down $0.07 during trading hours on Tuesday, reaching $233.52. 206,168 shares of the company’s stock were exchanged, compared to its average volume of 313,085. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $237.35. The stock has a market cap of $12.60 billion, a PE ratio of 33.79 and a beta of 1.21. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average price is $221.68 and its two-hundred day moving average price is $199.68.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts predict that Clean Harbors, Inc. will post 7.47 EPS for the current year.

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.