Legal & General Group Plc Takes Position in Clean Harbors, Inc. $CLH

Legal & General Group Plc purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel.com reports. The fund purchased 67,504 shares of the business services provider’s stock, valued at approximately $20,167,000.

Several other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the firm’s 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 completion of the transaction, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CLH. TD Cowen raised their price target on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group increased their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Stock Performance

NYSE:CLH opened at $310.56 on Friday. The stock has a market cap of $16.39 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock’s 50-day moving average is $307.51 and its 200-day moving average is $296.28. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted $2.36 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.