HighTower Advisors LLC Acquires 891 Shares of Clean Harbors, Inc. (NYSE:CLH)

HighTower Advisors LLC increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,983 shares of the business services provider’s stock after purchasing an additional 891 shares during the period. HighTower Advisors LLC’s holdings in Clean Harbors were worth $1,923,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Clearbridge Investments LLC lifted its holdings in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after acquiring an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. bought a new position in Clean Harbors in the 2nd quarter valued at approximately $42,968,000. FMR LLC boosted its position in Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Clean Harbors by 20.3% during the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after buying an additional 90,756 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after buying an additional 63,800 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Shares of CLH opened at $244.28 on Friday. The firm’s fifty day simple moving average is $252.32 and its two-hundred day simple moving average is $239.13. Clean Harbors, Inc. has a 12 month low of $161.39 and a 12 month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.17 billion, a P/E ratio of 31.81 and a beta of 1.22.

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

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. The trade was a 2.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,447 shares of company stock valued at $4,576,829 in the last quarter. 5.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CLH. Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average target price of $271.00.

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.