The Manufacturers Life Insurance Company Buys Shares of 36,767 Clean Harbors, Inc. $CLH

The Manufacturers Life Insurance Company purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,767 shares of the business services provider’s stock, valued at approximately $10,984,000.

Several other large investors also recently modified their holdings of the company. Van Hulzen Asset Management LLC purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at about $238,000. Algert Global LLC bought a new stake in Clean Harbors during the second quarter valued at approximately $2,763,000. Gallo Partners LP purchased a new stake in Clean Harbors during the second quarter valued at approximately $1,783,000. Cibc World Market Inc. purchased a new position in shares of Clean Harbors during the 2nd quarter worth $277,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Clean Harbors during the 2nd quarter valued at $442,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.4%

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

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 EPS. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director owned 8,979 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group raised their target price on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Truist Financial boosted their price target on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC raised their price objective on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus lifted their price objective on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors 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.