K.J. Harrison & Partners Inc Purchases New Holdings in Clean Harbors, Inc. $CLH

K.J. Harrison & Partners Inc acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel reports. The fund acquired 10,225 shares of the business services provider’s stock, valued at approximately $3,055,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its position in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 1,908 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $326.36 on Tuesday. The company has a market cap of $17.23 billion, a PE ratio of 39.61, a P/E/G ratio of 2.12 and a beta of 0.86. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The firm has a 50-day simple moving average of $302.52 and a 200 day simple moving average of $293.06. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $2.36 earnings per share. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Insider Activity at Clean Harbors

In related news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of recent analyst reports. Truist Financial upped their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC lifted their price target on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Barclays boosted their price target on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $354.57.

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.