Intech Investment Management LLC Acquires Shares of 12,086 Clean Harbors, Inc. (NYSE:CLH)

Intech Investment Management LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,086 shares of the business services provider’s stock, valued at approximately $2,733,000.

Several other hedge funds have also modified their holdings of CLH. Moody National Bank Trust Division lifted its holdings in Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after buying an additional 47 shares in the last quarter. Quent Capital LLC boosted its holdings in Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 47 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Clean Harbors by 10.5% in the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 50 shares during the last quarter. MJP Associates Inc. ADV increased its position in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares during the period. Finally, GAMMA Investing LLC raised its holdings in 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 purchasing an additional 56 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles sold 10,000 shares of the business’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 sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 309 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CLH shares. Needham & Company LLC lifted their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird increased their price target on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Truist Financial upped their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Price Performance

Shares of CLH opened at $246.88 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The firm has a market capitalization of $13.32 billion, a PE ratio of 35.73 and a beta of 1.20. The stock has a 50 day simple moving average of $236.37 and a 200 day simple moving average of $218.22. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $247.74.

Clean Harbors (NYSE:CLH) last issued 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. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Clean Harbors Company 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.