Clean Harbors, Inc. $CLH Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2,088.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,771 shares of the business services provider’s stock after acquiring an additional 14,096 shares during the quarter. Fifth Third Bancorp’s holdings in Clean Harbors were worth $4,235,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at about $26,000. Quattro Advisors LLC purchased a new position in Clean Harbors during the fourth quarter worth approximately $26,000. MidFirst Bank purchased a new position in Clean Harbors during the fourth quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its holdings in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock opened at $310.16 on Friday. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 42.03 and a beta of 0.86. The company has a fifty day simple moving average of $292.87 and a 200-day simple moving average of $283.99. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.09 earnings per share. On average, equities analysts anticipate that Clean Harbors, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird upped their target price on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. UBS Group lifted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. TD Cowen boosted their price target on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC upped their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Citigroup increased their price objective on shares of Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.00.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

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.