Federated Hermes Inc. Sells 72,645 Shares of Clean Harbors, Inc. $CLH

Federated Hermes Inc. decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 26.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,696 shares of the business services provider’s stock after selling 72,645 shares during the quarter. Federated Hermes Inc.’s holdings in Clean Harbors were worth $47,999,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Clean Harbors in the third quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after buying an additional 109 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Clean Harbors during the 3rd quarter worth $44,000. First Horizon Corp acquired a new stake in Clean Harbors during the 3rd quarter worth $44,000. Finally, Ameritas Advisory Services LLC bought a new position in Clean Harbors during the second quarter worth about $48,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer directly owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Down 0.3%

Clean Harbors stock opened at $257.86 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $268.22. The company has a fifty day simple moving average of $243.57 and a 200 day simple moving average of $236.00. The company has a market cap of $13.78 billion, a P/E ratio of 35.76 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.12 earnings per share. Research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CLH. Wells Fargo & Company raised their price target on Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. UBS Group lowered their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Needham & Company LLC increased their target price on Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group lifted their price target on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Clean Harbors Company Profile

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.