Clean Harbors, Inc. $CLH Stock Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 104,766 shares of the business services provider’s stock after buying an additional 11,341 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Clean Harbors were worth $32,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Clean Harbors by 8.9% in the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 35 shares during the period. NewEdge Advisors LLC boosted its holdings in Clean Harbors by 2.6% during the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after buying an additional 50 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after buying an additional 59 shares during the period. EverSource Wealth Advisors LLC grew its position in Clean Harbors by 0.6% during the first quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider’s stock valued at $2,852,000 after buying an additional 61 shares during the period. Finally, Versant Capital Management Inc grew its position in Clean Harbors by 3.0% during the third quarter. Versant Capital Management Inc now owns 2,624 shares of the business services provider’s stock valued at $814,000 after buying an additional 77 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of recent analyst reports. William Blair started coverage on shares of Clean Harbors in a report on Thursday, September 10th. They issued an “outperform” rating for the company. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $350.00 target price on shares of Clean Harbors in a research report on Thursday, July 30th. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Truist Financial lifted their price target on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $357.71.

Clean Harbors Trading Up 0.5%

Shares of CLH stock opened at $320.69 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.86 and a beta of 0.87. The stock has a 50 day simple moving average of $316.55 and a 200-day simple moving average of $304.28. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $2.36 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors, Inc. will post 9.94 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by insiders.

About Clean Harbors

Clean Harbors, Inc provides environmental, industrial, and waste management services to commercial, industrial, government, and other customers. The company manages hazardous and non-hazardous waste through collection, transportation, treatment, recycling, and disposal services. It also provides emergency response services for chemical spills, environmental incidents, and other hazardous-material events.

Clean Harbors offers industrial maintenance and specialty services, including industrial cleaning, facility maintenance, chemical cleaning, waste handling, and turnaround support for refineries, manufacturing facilities, utilities, and other industrial operations.