Charles Schwab Investment Management Inc. Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

Charles Schwab Investment Management Inc. grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,426 shares of the business services provider's stock after buying an additional 11,465 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of Clean Harbors worth $89,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Hopwood Financial Services Inc. acquired a new stake in shares of Clean Harbors during the first quarter valued at about $30,000. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors during the 4th quarter worth about $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of Clean Harbors in the 1st quarter valued at about $48,000. Blue Trust Inc. raised its holdings in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in Clean Harbors by 2,800.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after acquiring an additional 252 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Insider Activity

In related news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the transaction, the director owned 2,978 shares in the company, valued at $666,148.82. This represents a 23.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,948 shares of company stock valued at $3,611,729. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $3.69 during trading hours on Friday, hitting $243.36. 298,541 shares of the stock were exchanged, compared to its average volume of 440,865. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The company's 50 day moving average is $232.58 and its 200 day moving average is $220.26. The firm has a market capitalization of $13.05 billion, a P/E ratio of 34.18 and a beta of 1.18. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the company posted $2.46 EPS. The firm's revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial lowered their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer raised their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird lifted their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.