Ethic Inc. Grows Stake in Clean Harbors, Inc. (NYSE:CLH)

Ethic Inc. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 127.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,095 shares of the business services provider’s stock after purchasing an additional 1,734 shares during the quarter. Ethic Inc.’s holdings in Clean Harbors were worth $712,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors during the 4th quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Clean Harbors in the 4th quarter valued at $56,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.0%

Shares of CLH stock opened at $228.84 on Thursday. The company has a market cap of $12.26 billion, a PE ratio of 30.84 and a beta of 1.19. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock’s 50 day simple moving average is $204.60 and its two-hundred day simple moving average is $225.79. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. Research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Truist Financial dropped their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Insider Buying and Selling

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

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.