CreativeOne Wealth LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

CreativeOne Wealth LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,399 shares of the business services provider’s stock, valued at approximately $1,063,000.

Other large investors have also modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in shares of Clean Harbors during the first quarter valued at $255,000. Lazard Asset Management LLC purchased a new stake in Clean Harbors during the first quarter valued at about $155,000. Tidal Investments LLC boosted its holdings in shares of Clean Harbors by 114.8% in the first quarter. Tidal Investments LLC now owns 11,462 shares of the business services provider’s stock worth $2,307,000 after buying an additional 6,125 shares during the period. Swedbank AB purchased a new position in shares of Clean Harbors in the first quarter worth approximately $12,079,000. Finally, Cetera Investment Advisers raised its holdings in shares of Clean Harbors by 380.8% during the first quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider’s stock valued at $3,025,000 after acquiring an additional 11,903 shares during the period. 90.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock valued at $4,576,829 over the last three months. 5.90% of the stock is currently owned by insiders.

Clean Harbors Trading Up 1.0 %

Shares of NYSE CLH opened at $260.19 on Friday. The business has a 50 day simple moving average of $251.08 and a 200 day simple moving average of $236.24. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 33.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on CLH shares. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price target on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird reduced their price objective 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. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $254.33.

Clean Harbors 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.