Clean Harbors, Inc. $CLH Stock: Fort Washington Investment Advisors Inc. OH Boosts Holdings

Key Points

• Fort Washington Investment Advisors increased its Clean Harbors stake by 12.1% in the third quarter, bringing its holdings to 104,766 shares worth approximately $32.5 million. Institutional investors collectively own 90.43% of the company.
• Clean Harbors reported quarterly EPS of $3.22, beating estimates of $2.81, while revenue rose 11.9% year over year to $1.74 billion. Shares opened at $320.69, near their 52-week high of $335.94.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $357.71 average price target. Recent targets include $365 from Truist Financial and $390 from TD Cowen, although the CEO and a director recently sold shares.

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,766 shares of the business services provider's stock after buying an additional 11,341 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.20% of Clean Harbors worth $32,502,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC acquired a new stake in Clean Harbors during the 3rd quarter worth about $385,000. Avior Wealth Management LLC grew its stake in Clean Harbors by 18.1% during the 3rd quarter. Avior Wealth Management LLC now owns 1,490 shares of the business services provider's stock valued at $462,000 after purchasing an additional 228 shares during the last quarter. Perpetual Ltd grew its stake in Clean Harbors by 1.5% during the 3rd quarter. Perpetual Ltd now owns 44,965 shares of the business services provider's stock valued at $13,949,000 after purchasing an additional 671 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in Clean Harbors by 43.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 460 shares of the business services provider's stock valued at $143,000 after purchasing an additional 140 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of Clean Harbors by 36.8% in the third quarter. Wedmont Private Capital now owns 1,272 shares of the business services provider's stock valued at $404,000 after purchasing an additional 342 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.5%

Shares of Clean Harbors stock opened at $320.69 on Friday. The stock has a market cap of $16.93 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. The firm has a fifty day moving average price of $316.55 and a 200 day moving average price of $304.28. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 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 for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company earned $2.36 earnings per share. The firm's revenue was up 11.9% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 9.94 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the subject of several research analyst reports. Truist Financial raised their price objective on Clean Harbors from $350.00 to $365.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. TD Cowen lifted their target price on Clean Harbors from $380.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $364.00 target price on shares of Clean Harbors in a research report on Thursday. Finally, William Blair began coverage on shares of Clean Harbors in a report on Thursday, September 10th. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus price target of $357.71.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the business's 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 transaction, the director owned 8,979 shares of the company's stock, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company's stock.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, industrial, and waste management services to commercial, industrial, government, and other customers. The company manages hazardous and non-hazardous waste through collection, transportation, treatment, recycling, and disposal services. It also provides emergency response services for chemical spills, environmental incidents, and other hazardous-material events.

Clean Harbors offers industrial maintenance and specialty services, including industrial cleaning, facility maintenance, chemical cleaning, waste handling, and turnaround support for refineries, manufacturing facilities, utilities, and other industrial operations.

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