Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,195 shares of the business services provider’s stock after selling 25,160 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Clean Harbors were worth $19,267,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CLH. Innealta Capital LLC acquired a new stake in Clean Harbors during the second quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Clean Harbors by 343.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,847 shares of the business services provider’s stock worth $12,856,000 after purchasing an additional 44,040 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $42,968,000. Wright Investors Service Inc. purchased a new position in shares of Clean Harbors during the 2nd quarter valued at approximately $498,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $203,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now directly owns 2,494,211 shares in the company, valued at $537,527,412.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.90% of the stock is currently owned by insiders.

Clean Harbors Price Performance

CLH opened at $245.90 on Friday. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 35.59 and a beta of 1.21. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average price is $231.68 and its 200 day moving average price is $211.91. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $247.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $2.13 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Oppenheimer boosted their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial boosted their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average target price of $242.40.

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.