Icon Wealth Advisors LLC Raises Stake in Clean Harbors, Inc. (NYSE:CLH)

Icon Wealth Advisors LLC lifted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 513.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,288 shares of the business services provider's stock after buying an additional 2,752 shares during the period. Icon Wealth Advisors LLC's holdings in Clean Harbors were worth $795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLH. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock worth $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in Clean Harbors during the second quarter worth approximately $42,968,000. Marshall Wace LLP lifted its stake in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider's stock valued at $319,371,000 after acquiring an additional 78,848 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock valued at $137,974,000 after acquiring an additional 63,800 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $2.47 on Friday, reaching $252.50. 353,569 shares of the company were exchanged, compared to its average volume of 404,032. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The company has a 50-day moving average of $249.86 and a 200-day moving average of $235.09. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 32.88 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.68 earnings per share. Equities analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 309 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company's stock, valued at approximately $3,284,963.22. This trade represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,586 shares of company stock valued at $4,351,841. 5.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLH. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC dropped their target price on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com downgraded Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $254.33.

About Clean Harbors

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.