Fmr LLC Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

FMR LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,747,215 shares of the business services provider's stock after buying an additional 187,140 shares during the quarter. FMR LLC owned about 3.24% of Clean Harbors worth $422,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clearbridge Investments LLC grew its position in 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 buying an additional 248,240 shares in the last quarter. Handelsbanken Fonder AB grew its position in Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock worth $137,974,000 after buying an additional 63,800 shares in the last quarter. Marshall Wace LLP grew its position in Clean Harbors by 20.3% during the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock worth $121,505,000 after buying an additional 90,756 shares in the last quarter. Artemis Investment Management LLP grew its position in Clean Harbors by 13.7% during the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider's stock worth $110,965,000 after buying an additional 59,033 shares in the last quarter. Finally, Hood River Capital Management LLC grew its position in Clean Harbors by 5.1% during the second quarter. Hood River Capital Management LLC now owns 475,285 shares of the business services provider's stock worth $107,486,000 after buying an additional 23,222 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLH has been the subject of several research analyst reports. Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Oppenheimer lifted their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird dropped their price target 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. Finally, Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. One research 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, the company presently has an average rating of "Buy" and a consensus price target of $254.33.

Clean Harbors Trading Up 1.0 %

NYSE CLH opened at $260.19 on Friday. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a 50-day moving average of $251.08 and a 200-day moving average of $236.24. The firm has a market cap of $14.02 billion, a PE ratio of 33.88 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company's revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.68 EPS. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 owns 59,346 shares of the company's stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company's stock, valued at $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock valued at $4,576,829 in the last 90 days. Insiders own 5.90% of the company's stock.

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.