First Eagle Investment Management LLC Makes New $895,000 Investment in Clean Harbors, Inc. $CLH

First Eagle Investment Management LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,816 shares of the business services provider’s stock, valued at approximately $895,000.

Several other hedge funds have also recently modified their holdings of the business. Advisor OS LLC lifted its holdings in shares of Clean Harbors by 33.5% during the fourth quarter. Advisor OS LLC now owns 2,032 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 510 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Clean Harbors by 38.0% during the fourth quarter. NewEdge Wealth LLC now owns 1,620 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 446 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at $232,000. Sequoia Financial Advisors LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at $446,000. Finally, Swedbank AB lifted its holdings in shares of Clean Harbors by 7.1% during the fourth quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock valued at $35,172,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of research analyst reports. TD Cowen upped their price target on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Truist Financial upped their price target on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. Needham & Company LLC upped their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $322.08.

Clean Harbors Stock Up 1.7%

Clean Harbors stock opened at $308.05 on Friday. The stock has a market cap of $16.28 billion, a PE ratio of 41.74 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The stock has a fifty day moving average of $295.27 and a 200 day moving average of $262.79.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the sale, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This represents a 14.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,597 shares of company stock valued at $3,895,286 in the last ninety days. 5.00% of the stock is currently owned by company insiders.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.