Fmr LLC Raises Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Fmr LLC boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 12.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,747,215 shares of the business services provider’s stock after purchasing an additional 187,140 shares during the period. Fmr LLC owned about 3.24% of Clean Harbors worth $422,319,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Clean Harbors during the first quarter valued at about $255,000. Lazard Asset Management LLC bought a new position in shares of Clean Harbors during the 1st quarter valued at approximately $155,000. Tidal Investments LLC increased its stake in shares of Clean Harbors by 114.8% during the 1st quarter. Tidal Investments LLC now owns 11,462 shares of the business services provider’s stock worth $2,307,000 after purchasing an additional 6,125 shares during the last quarter. Swedbank AB bought a new stake in shares of Clean Harbors in the 1st quarter worth approximately $12,079,000. Finally, Cetera Investment Advisers lifted its stake in Clean Harbors by 380.8% in the first quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider’s stock valued at $3,025,000 after purchasing an additional 11,903 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLH. Needham & Company LLC decreased their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $254.33.

Insider Transactions at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,447 shares of company stock valued at $4,576,829. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Up 1.0 %

Shares of NYSE:CLH opened at $260.19 on Friday. The firm has a fifty day moving average price of $251.08 and a two-hundred day moving average price of $236.24. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 33.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 EPS. Analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal 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.