Federated Hermes Inc. Has $48 Million Stake in Clean Harbors, Inc. $CLH

Federated Hermes Inc. reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 26.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,696 shares of the business services provider’s stock after selling 72,645 shares during the quarter. Federated Hermes Inc. owned 0.39% of Clean Harbors worth $47,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Clean Harbors by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Clean Harbors by 58.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the business services provider’s stock valued at $51,000 after buying an additional 83 shares in the last quarter. Acorn Wealth Advisors LLC bought a new stake in Clean Harbors during the third quarter worth about $219,000. UniSuper Management Pty Ltd raised its stake in shares of Clean Harbors by 14.0% in the third quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock valued at $11,997,000 after acquiring an additional 6,338 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of Clean Harbors by 3.2% in the 3rd quarter. Strs Ohio now owns 43,411 shares of the business services provider’s stock worth $10,081,000 after acquiring an additional 1,352 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

Clean Harbors stock opened at $257.86 on Friday. The business’s 50-day simple moving average is $243.57 and its 200 day simple moving average is $236.00. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The stock has a market cap of $13.78 billion, a price-to-earnings ratio of 35.76 and a beta of 0.95. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $268.22.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (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 for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLH. The Goldman Sachs Group raised their price target on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Citigroup raised their target price on Clean Harbors from $263.00 to $274.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company upped their price target on shares of Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. UBS Group decreased their price objective on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Needham & Company LLC boosted their target price on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.