Signaturefd LLC Raises Holdings in Clean Harbors, Inc. (NYSE:CLH)

Signaturefd LLC grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 491 shares of the business services provider’s stock after purchasing an additional 52 shares during the period. Signaturefd LLC’s holdings in Clean Harbors were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CLH. Clearbridge Investments LLC grew its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. purchased a new position in shares of Clean Harbors during the second quarter valued at about $42,968,000. DAVENPORT & Co LLC grew its position in shares of Clean Harbors by 93.1% during the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after purchasing an additional 127,498 shares in the last quarter. Marshall Wace LLP grew its position 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 valued at $121,505,000 after purchasing an additional 90,756 shares in the last quarter. Finally, Spirepoint Private Client LLC purchased a new position in shares of Clean Harbors during the first quarter valued at about $16,594,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $256.52 on Tuesday. 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 company has a market capitalization of $13.84 billion, a PE ratio of 37.12 and a beta of 1.20. The company has a 50 day moving average price of $246.51 and a 200-day moving average price of $228.47. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $261.81.

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

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 309 shares of the business’s 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 completion of the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction 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 approximately $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 10,617 shares of company stock worth $2,613,132. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CLH. Truist Financial raised their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC lifted their price target on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $250.89.

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.