Empowered Funds LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Empowered Funds LLC acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,831 shares of the business services provider's stock, valued at approximately $5,945,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $4,386,000. Fiduciary Alliance LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $846,000. Mountain Pacific Investment Advisers LLC increased its stake in shares of Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC increased its stake in shares of Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Clean Harbors in the 3rd quarter valued at about $926,000. 90.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,477 shares of company stock valued at $374,091 in the last quarter. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Down 0.7 %

NYSE:CLH traded down $1.59 during trading hours on Friday, reaching $229.49. 399,720 shares of the stock were exchanged, compared to its average volume of 317,767. Clean Harbors, Inc. has a twelve month low of $176.02 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a 50 day moving average of $235.55 and a 200 day moving average of $242.45. The stock has a market cap of $12.37 billion, a PE ratio of 29.88 and a beta of 1.24.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLH. StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC reissued a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company. Truist Financial increased their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lowered their target price on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors presently has an average rating of "Buy" and a consensus target price of $269.44.

Clean Harbors Profile

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.