Clean Harbors, Inc. $CLH Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 37,416 shares of the business services provider’s stock after purchasing an additional 5,145 shares during the period. Sei Investments Co.’s holdings in Clean Harbors were worth $10,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its stake in Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. MidFirst Bank purchased a new stake in Clean Harbors in the 4th quarter valued at approximately $28,000. Finally, Larson Financial Group LLC grew its holdings in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 1.3%

CLH stock opened at $313.15 on Friday. The stock has a market capitalization of $16.53 billion, a P/E ratio of 38.00, a PEG ratio of 2.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.99 and a current ratio of 2.13. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $335.94. The company has a 50 day moving average price of $295.64 and a two-hundred day moving average price of $288.70.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CLH. BMO Capital Markets raised their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Citigroup increased their price objective on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research note on Thursday. Two 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors News Roundup

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

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.