Corient Private Wealth LLC Acquires 7,667 Shares of Clean Harbors, Inc. $CLH

Corient Private Wealth LLC increased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 152.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,682 shares of the business services provider’s stock after purchasing an additional 7,667 shares during the quarter. Corient Private Wealth LLC’s holdings in Clean Harbors were worth $2,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CLH. SG Americas Securities LLC increased its stake in Clean Harbors by 57.4% in the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after purchasing an additional 22,827 shares during the period. Tudor Investment Corp ET AL lifted its position in Clean Harbors by 86.0% in the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after purchasing an additional 29,176 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Clean Harbors by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after purchasing an additional 8,145 shares during the period. Nordea Investment Management AB boosted its stake in shares of Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Clean Harbors in the third quarter worth approximately $28,925,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lauren States sold 789 shares of the firm’s 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 directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

CLH opened at $301.68 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock has a market capitalization of $15.94 billion, a PE ratio of 40.88 and a beta of 0.87. The stock’s 50 day moving average price is $293.57 and its 200-day moving average price is $277.65. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CLH. Truist Financial lifted their target price on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. UBS Group increased their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Wall Street Zen cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

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.