Federated Hermes Inc. Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Federated Hermes Inc. boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 454,929 shares of the business services provider's stock after buying an additional 42,044 shares during the period. Federated Hermes Inc. owned 0.84% of Clean Harbors worth $104,697,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CLH. Captrust Financial Advisors grew its holdings in shares of Clean Harbors by 33.3% in the third quarter. Captrust Financial Advisors now owns 5,087 shares of the business services provider's stock valued at $1,230,000 after purchasing an additional 1,272 shares during the period. Centiva Capital LP purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $538,000. HighTower Advisors LLC increased its holdings in shares of Clean Harbors by 12.6% during the 3rd quarter. HighTower Advisors LLC now owns 7,983 shares of the business services provider's stock worth $1,923,000 after buying an additional 891 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Clean Harbors by 8.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,052 shares of the business services provider's stock valued at $254,000 after buying an additional 79 shares during the period. Finally, Morse Asset Management Inc acquired a new position in Clean Harbors in the third quarter valued at approximately $340,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

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

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Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Truist Financial decreased their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, StockNews.com downgraded Clean Harbors from a "buy" rating to a "hold" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $260.40.

Clean Harbors Stock Up 3.2 %

NYSE:CLH traded up $6.14 during mid-day trading on Friday, hitting $200.20. The stock had a trading volume of 563,271 shares, compared to its average volume of 339,464. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The stock has a 50-day simple moving average of $206.23 and a two-hundred day simple moving average of $231.29. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11.

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

Clean Harbors Company 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.