Canada Pension Plan Investment Board Purchases Shares of 1,400 Clean Harbors, Inc. (NYSE:CLH)

Canada Pension Plan Investment Board acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,400 shares of the business services provider’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLH. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the 1st quarter valued at about $27,000. GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Clean Harbors in the 4th quarter worth approximately $50,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the second quarter valued at approximately $56,000. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on CLH. Truist Financial increased their price target on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Robert W. Baird boosted their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer increased their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $238.43 on Friday. The company’s fifty day moving average is $237.89 and its two-hundred day moving average is $219.99. The company has a market cap of $12.86 billion, a P/E ratio of 34.51 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 company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business earned $2.13 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts expect that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 77,136 shares in the company, valued at approximately $18,955,400.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Lauren States sold 309 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now owns 13,458 shares in the company, valued at $3,284,963.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred 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 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 currently owned by corporate insiders.

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.