Fifth Third Wealth Advisors LLC Acquires New Position in Clean Harbors, Inc. (NYSE:CLH)

Fifth Third Wealth Advisors LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,679 shares of the business services provider’s stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at $2,710,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Clean Harbors by 4.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,660 shares of the business services provider’s stock worth $2,384,000 after purchasing an additional 640 shares during the last quarter. CWM LLC increased its stake in shares of Clean Harbors by 50.2% in the fourth quarter. CWM LLC now owns 1,266 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 423 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $698,000. Finally, South Dakota Investment Council boosted its position in shares of Clean Harbors by 62.3% during the fourth quarter. South Dakota Investment Council now owns 12,247 shares of the business services provider’s stock worth $2,137,000 after buying an additional 4,700 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

CLH stock traded up $3.95 on Wednesday, hitting $242.90. 144,098 shares of the company’s stock traded hands, compared to its average volume of 310,206. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 35.15 and a beta of 1.21. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The stock has a fifty day moving average of $228.60 and a 200-day moving average of $208.65. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $246.28.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 7.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the topic of several analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Raymond James lifted their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. BMO Capital Markets increased their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Truist Financial upped their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $242.40.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.

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.