Geode Capital Management LLC Buys 11,020 Shares of Clean Harbors, Inc. $CLH

Geode Capital Management LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 917,779 shares of the business services provider’s stock after acquiring an additional 11,020 shares during the period. Geode Capital Management LLC’s holdings in Clean Harbors were worth $215,247,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Clean Harbors by 5.4% in the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 53 shares during the period. SkyView Investment Advisors LLC grew its position in Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares during the period. US Bancorp DE grew its position in Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares during the period. Baird Financial Group Inc. grew its position in Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after acquiring an additional 60 shares during the period. Finally, True Wealth Design LLC grew its position in Clean Harbors by 102.7% in the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 77 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Oppenheimer upped their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Truist Financial upped their price target on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Finally, TD Cowen increased their target price on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors Price Performance

Shares of CLH stock opened at $275.62 on Wednesday. The stock’s fifty day moving average is $295.12 and its 200-day moving average is $268.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock has a market capitalization of $14.57 billion, a PE ratio of 37.35 and a beta of 0.87. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 8.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total value of $1,373,945.37. Following the transaction, the executive vice president directly owned 48,728 shares in the company, valued at $14,296,307.92. This trade represents a 8.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,308 shares of company stock worth $2,133,467 over the last ninety days. Company insiders own 5.00% of the company’s stock.

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.