CreativeOne Wealth LLC Invests $1.06 Million in Clean Harbors, Inc. (NYSE:CLH)

CreativeOne Wealth LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,399 shares of the business services provider's stock, valued at approximately $1,063,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Clean Harbors in the 2nd quarter worth $25,000. UMB Bank n.a. increased its stake in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after purchasing an additional 83 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors in the 3rd quarter worth $56,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the 2nd quarter worth $56,000. Finally, CENTRAL TRUST Co boosted its holdings in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after buying an additional 160 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,447 shares of company stock valued at $4,576,829. Insiders own 5.90% of the company's stock.

Clean Harbors Price Performance

Shares of CLH traded up $2.41 during midday trading on Friday, hitting $260.09. 186,431 shares of the company traded hands, compared to its average volume of 296,573. The firm has a 50 day moving average of $251.34 and a 200-day moving average of $236.58. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 33.87 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business posted $1.68 EPS. The firm's revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CLH. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Oppenheimer upped their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Clean Harbors currently has a consensus rating of "Buy" and an average price target of $254.33.

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.