Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Creative Planning

Creative Planning increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 21.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,839 shares of the business services provider’s stock after purchasing an additional 496 shares during the quarter. Creative Planning’s holdings in Clean Harbors were worth $642,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CLH. Mountain Pacific Investment Advisers Inc. ID acquired a new stake in shares of Clean Harbors in the first quarter worth $14,161,000. Perpetual Ltd boosted its position in shares of Clean Harbors by 9.6% in the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock worth $10,629,000 after buying an additional 4,606 shares during the period. Wellington Management Group LLP grew its stake in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares in the last quarter. Swedbank AB raised its holdings in shares of Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Clean Harbors during the 1st quarter worth approximately $828,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH opened at $258.55 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $258.58. The business’s fifty day moving average price is $241.40 and its 200 day moving average price is $224.02. The stock has a market capitalization of $13.94 billion, a PE ratio of 37.42 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CLH. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer upped their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Truist Financial raised their target price on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Robert W. Baird boosted their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $242.40.

Insider Activity

In related news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

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.