Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Xponance Inc.

Xponance Inc. lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,118 shares of the business services provider’s stock after acquiring an additional 121 shares during the period. Xponance Inc.’s holdings in Clean Harbors were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CLH. Innealta Capital LLC acquired a new position in Clean Harbors during the second quarter worth $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the first quarter worth $27,000. GAMMA Investing LLC boosted its stake in Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Clean Harbors during the second quarter worth $56,000. Finally, Creekmur Asset Management LLC acquired a new position in Clean Harbors during the fourth quarter worth $50,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent research reports. Truist Financial boosted their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Oppenheimer boosted their price objective on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Needham & Company LLC boosted their price objective on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Price Performance

CLH stock opened at $238.28 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $12.85 billion, a PE ratio of 34.48 and a beta of 1.20. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $251.65. The business’s fifty day moving average price is $237.89 and its 200 day moving average price is $219.77.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $2.13 EPS. Clean Harbors’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated 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 directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The disclosure for this sale can be found here. 5.90% of the stock is owned by company 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.