Clean Harbors, Inc. $CLH Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 30.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,341 shares of the business services provider’s stock after selling 122,131 shares during the quarter. Federated Hermes Inc. owned approximately 0.52% of Clean Harbors worth $64,578,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 30.9% in the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock valued at $1,043,407,000 after purchasing an additional 1,249,704 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Clean Harbors by 127.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider’s stock valued at $177,304,000 after buying an additional 504,290 shares during the last quarter. Norges Bank purchased a new position in Clean Harbors in the second quarter valued at $147,632,000. First Trust Advisors LP raised its stake in Clean Harbors by 2.8% in the second quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock valued at $127,190,000 after buying an additional 14,865 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Clean Harbors by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock worth $89,962,000 after acquiring an additional 11,465 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $237.48 on Monday. The stock has a market cap of $12.69 billion, a P/E ratio of 32.94 and a beta of 0.95. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $253.15. The stock has a 50 day moving average of $224.91 and a two-hundred day moving average of $230.81. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The business’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays cut their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Raymond James Financial cut their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company initiated coverage on shares of Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $237.00 target price on shares of Clean Harbors in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $248.91.

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.