Clean Harbors, Inc. $CLH Stake Raised by Tema Etfs LLC

Key Points

• Tema Etfs LLC increased its stake in Clean Harbors, Inc. by 41.7%, making it the firm's 10th largest holding, valued at approximately $8 million.
• Director Alison A. Quirk sold 893 shares of Clean Harbors stock for about $199,755, while CEO Michael Louis Battles purchased 2,000 shares worth around $467,000.
• Research analysts have varied ratings on Clean Harbors, with price targets ranging from $255 to $280, reflecting a consensus rating of "Moderate Buy".

Tema Etfs LLC grew its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 41.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,658 shares of the business services provider's stock after purchasing an additional 11,959 shares during the quarter. Clean Harbors makes up 2.4% of Tema Etfs LLC's holdings, making the stock its 10th biggest position. Tema Etfs LLC owned about 0.08% of Clean Harbors worth $8,014,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its position in Clean Harbors by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after acquiring an additional 52 shares during the last quarter. Deutsche Bank AG boosted its position in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after acquiring an additional 56 shares during the last quarter. Blue Trust Inc. boosted its position in Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after acquiring an additional 56 shares during the last quarter. Xponance Inc. boosted its position in Clean Harbors by 0.9% during the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock worth $1,321,000 after acquiring an additional 61 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Clean Harbors by 1.2% during the fourth quarter. Benjamin Edwards Inc. now owns 5,797 shares of the business services provider's stock worth $1,334,000 after acquiring an additional 67 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Clean Harbors news, CEO Michael Louis Battles bought 2,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares in the company, valued at approximately $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director directly owned 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,840 shares of company stock worth $2,903,497 over the last 90 days. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CLH. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer boosted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Finally, UBS Group boosted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Trading Down 0.6%

Shares of Clean Harbors stock traded down $1.45 on Monday, reaching $242.23. The company had a trading volume of 436,113 shares, compared to its average volume of 335,561. The firm's 50 day moving average price is $236.27 and its two-hundred day moving average price is $220.85. The firm has a market cap of $12.99 billion, a PE ratio of 34.02 and a beta of 1.22. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 EPS. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

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.