Uniting Wealth Partners LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Uniting Wealth Partners LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,250 shares of the business services provider's stock, valued at approximately $978,000. Clean Harbors makes up 0.5% of Uniting Wealth Partners LLC's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Clean Harbors by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after purchasing an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Janus Henderson Group PLC grew its position in Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider's stock worth $386,477,000 after buying an additional 7,948 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider's stock valued at $365,070,000 after acquiring an additional 21,662 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on CLH shares. Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial reduced their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, 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, February 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus price target of $266.56.

Insider Buying and Selling

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Performance

CLH stock traded up $1.75 during midday trading on Tuesday, hitting $188.11. 203,796 shares of the company traded hands, compared to its average volume of 333,895. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 25.38 and a beta of 1.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The business has a 50 day simple moving average of $211.43 and a 200-day simple moving average of $233.41.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.