15,531 Shares in Clean Harbors, Inc. (NYSE:CLH) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,531 shares of the business services provider’s stock, valued at approximately $2,710,000.

Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in Clean Harbors in the 4th quarter valued at $25,000. Millburn Ridgefield Corp purchased a new stake in Clean Harbors in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new stake in Clean Harbors in the 3rd quarter valued at $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Clean Harbors in the 3rd quarter valued at $33,000. Finally, Blue Trust Inc. grew its holdings in Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH stock opened at $190.99 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The firm has a market capitalization of $10.44 billion, a P/E ratio of 27.48 and a beta of 1.24. The business’s 50-day moving average is $190.75 and its two-hundred day moving average is $174.54. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. Clean Harbors’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.44 EPS. Analysts anticipate that Clean Harbors, Inc. will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock valued at $4,819,554 in the last quarter. Corporate insiders own 6.70% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. Oppenheimer upped their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus increased their price target on Clean Harbors from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird increased their price target on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets increased their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Truist Financial increased their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $207.90.

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.