Maridea Wealth Management LLC Takes $2.11 Million Position in Clean Harbors, Inc. $CLH

Maridea Wealth Management LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,065 shares of the business services provider’s stock, valued at approximately $2,111,000.

Several other large investors also recently bought and sold shares of CLH. Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the period. State Street Corp increased its stake in shares of Clean Harbors by 0.8% during the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after buying an additional 12,452 shares during the period. Bessemer Group Inc. increased its stake in shares of Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares during the period. Geode Capital Management LLC raised its holdings in Clean Harbors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after acquiring an additional 11,020 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Clean Harbors by 10.0% in the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after acquiring an additional 70,447 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Barclays raised their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC boosted their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, UBS Group increased their target price on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrea Robertson sold 789 shares of the company’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. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by insiders.

Clean Harbors Price Performance

CLH stock opened at $321.65 on Friday. The business has a 50 day moving average price of $301.56 and a 200 day moving average price of $292.36. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.12 and a beta of 0.86. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.36 earnings per share. Equities research analysts anticipate that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

About Clean Harbors

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.