Corient Private Wealth LP Takes Position in Clean Harbors, Inc. $CLH

Corient Private Wealth LP bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,156 shares of the business services provider’s stock, valued at approximately $7,217,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its position in shares of Clean Harbors by 8.9% during the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after acquiring an additional 35 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Clean Harbors by 2.6% during the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after purchasing an additional 50 shares during the last quarter. SkyView Investment Advisors LLC increased its stake 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 purchasing an additional 53 shares during the last quarter. US Bancorp DE raised its holdings in Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after purchasing an additional 54 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Clean Harbors by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after buying an additional 59 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent analyst reports. Citigroup increased their target price on shares of Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Barclays lifted their target price on Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, TD Cowen increased their price objective on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two 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. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Stock Down 0.0%

CLH opened at $310.56 on Monday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $335.94. The business has a 50 day moving average price of $307.51 and a two-hundred day moving average price of $296.48. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.39 billion, a PE ratio of 37.69, a P/E/G ratio of 2.01 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its 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. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $2.36 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction that occurred 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 sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by insiders.

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.