International Assets Investment Management LLC Invests $2.71 Million in Clean Harbors, Inc. (NYSE:CLH)

International Assets Investment Management LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,531 shares of the business services provider’s stock, valued at approximately $2,710,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Steph & Co. lifted its stake in shares of Clean Harbors by 4.7% in the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after acquiring an additional 66 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Clean Harbors by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 10,764 shares of the business services provider’s stock worth $1,801,000 after acquiring an additional 70 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Clean Harbors by 34.5% in the third quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock worth $51,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.4 %

NYSE:CLH opened at $190.99 on Friday. The firm has a market capitalization of $10.44 billion, a PE ratio of 27.48 and a beta of 1.24. The stock has a 50 day moving average of $190.75 and a 200-day moving average of $174.54. Clean Harbors, Inc. has a 52 week low of $129.70 and a 52 week high of $204.06. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Robert W. Baird upped their price objective on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial upped their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets upped their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Oppenheimer upped their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average price target of $207.90.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock valued at $4,819,554 in the last three months. 6.70% of the stock is currently owned by corporate insiders.

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.