Vanguard Personalized Indexing Management LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,809 shares of the business services provider’s stock, valued at approximately $400,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in shares of Clean Harbors during the first quarter worth approximately $30,000. Spire Wealth Management acquired a new position in Clean Harbors in the 1st quarter valued at $33,000. Steph & Co. acquired a new stake in shares of Clean Harbors during the 1st quarter worth $35,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Clean Harbors by 76.0% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after purchasing an additional 114 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Clean Harbors in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 88.36% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Raymond James increased their target price on shares of Clean Harbors from $196.00 to $200.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 3rd. Truist Financial raised their target price on shares of Clean Harbors from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Robert W. Baird upped their price target on shares of Clean Harbors from $160.00 to $165.00 in a report on Thursday, May 4th. The Goldman Sachs Group raised their price objective on Clean Harbors from $166.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, August 3rd. Finally, StockNews.com assumed coverage on Clean Harbors in a report on Thursday, August 17th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.89.
Clean Harbors Stock Performance
Shares of CLH stock opened at $171.54 on Wednesday. The stock has a market capitalization of $9.29 billion, a PE ratio of 22.93 and a beta of 1.39. Clean Harbors, Inc. has a one year low of $106.71 and a one year high of $178.33. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.02 and a quick ratio of 1.67. The business’s 50 day simple moving average is $167.26 and its 200 day simple moving average is $150.04.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Clean Harbors had a net margin of 7.60% and a return on equity of 20.42%. Clean Harbors’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.44 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.17 earnings per share for the current year.
Insider Transactions at Clean Harbors
In related news, VP George L. Curtis sold 717 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $164.43, for a total transaction of $117,896.31. Following the sale, the vice president now owns 58,405 shares in the company, valued at approximately $9,603,534.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP George L. Curtis sold 717 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $164.43, for a total transaction of $117,896.31. Following the transaction, the vice president now owns 58,405 shares in the company, valued at approximately $9,603,534.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sharon M. Gabriel sold 557 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $164.43, for a total transaction of $91,587.51. Following the completion of the sale, the executive vice president now owns 25,292 shares of the company’s stock, valued at $4,158,763.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,559 shares of company stock valued at $7,762,628. Corporate insiders own 6.70% of the company’s stock.
About Clean Harbors
Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.
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