NewEdge Wealth LLC Takes $925,000 Position in Clean Harbors, Inc. $CLH

NewEdge Wealth LLC acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,095 shares of the business services provider’s stock, valued at approximately $925,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $1,516,521,000. Janus Henderson Group PLC lifted its holdings in Clean Harbors by 10.0% in the fourth 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 boosted its stake in Clean Harbors by 0.8% in the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock valued at $351,958,000 after acquiring an additional 12,452 shares during the last quarter. Bessemer Group Inc. boosted its stake in Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after acquiring an additional 16,747 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Clean Harbors by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after acquiring an additional 11,020 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Trading Down 1.6%

CLH opened at $316.64 on Friday. The firm’s fifty day moving average is $305.16 and its two-hundred day moving average is $294.56. The firm has a market cap of $16.72 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.08 and a beta of 0.86. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13.

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 the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 4,078 shares of company stock worth $1,276,908. Corporate insiders own 5.00% of the company’s stock.

Trending Headlines about Clean Harbors

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

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $9.51 from $8.28 and its FY2027 estimate to $9.48 from $8.85. The firm also lifted estimates for Q3 2026 to $3.14 from $2.57, Q4 2026 to $1.97 from $1.90, Q1 2027 to $1.47 from $1.40, Q2 2027 to $2.83 from $2.75, Q3 2027 to $3.10 from $2.69, Q4 2027 to $2.08 from $2.02, and Q1 2028 to $1.15 from $1.05. The upgrades suggest stronger expected operating performance and earnings momentum for Clean Harbors. Clean Harbors analyst estimate revisions
• Neutral Sentiment: The revised FY2026 EPS forecast of $9.51 now matches the broader analyst consensus, reducing the likelihood that the change alone will create a major positive surprise. Clean Harbors recently reported quarterly results above expectations, with revenue rising 11.9% year over year, but its valuation remains relatively elevated at about 38 times earnings.
• Negative Sentiment: Zacks slightly lowered its Q2 2028 EPS estimate to $2.51 from $2.52. The reduction is immaterial, but it provides a minor counterpoint to the otherwise favorable revisions.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLH. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Needham & Company LLC lifted their price objective on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wells Fargo & Company upped their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Truist Financial increased their target price on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and an average target price of $354.57.

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.