Simplicity Wealth LLC Has $600,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Simplicity Wealth LLC boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,045 shares of the business services provider’s stock after buying an additional 312 shares during the quarter. Simplicity Wealth LLC’s holdings in Clean Harbors were worth $600,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in shares of Clean Harbors in the fourth quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP grew its position in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its position in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter valued at about $56,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.7%

Shares of CLH opened at $225.60 on Thursday. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 30.40 and a beta of 1.17. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a 50-day moving average price of $217.00 and a two-hundred day moving average price of $222.68.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on CLH. BMO Capital Markets lowered their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial reduced their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 836 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares of the company’s stock, valued at $2,684,864.07. This trade represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the sale, the chief executive officer now directly owns 51,619 shares of the company’s stock, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,077 shares of company stock valued at $2,726,945. Corporate insiders own 5.60% 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.