Corient Private Wealth LP Invests $7.22 Million in Clean Harbors, Inc. $CLH

Corient Private Wealth LP acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 24,156 shares of the business services provider's stock, valued at approximately $7,217,000.

A number of other institutional investors have also bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its stake in Clean Harbors by 94.4% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider's stock worth $4,874,000 after buying an additional 8,252 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Clean Harbors during the 4th quarter valued at about $938,000. Swedbank AB grew its holdings in shares of Clean Harbors by 7.1% in the fourth quarter. Swedbank AB now owns 150,000 shares of the business services provider's stock valued at $35,172,000 after purchasing an additional 10,000 shares during the period. Corient Private Wealth LLC increased its position in Clean Harbors by 152.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider's stock worth $2,975,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider's stock worth $267,239,000 after purchasing an additional 16,747 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CLH shares. Needham & Company LLC raised their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. BMO Capital Markets raised their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Oppenheimer reissued an "outperform" rating and set a $350.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the company an "equal weight" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and an average target price of $354.57.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares of the company's stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

CLH stock opened at $310.56 on Monday. The business's fifty day moving average price is $307.51 and its 200 day moving average price is $296.48. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a market capitalization of $16.39 billion, a PE ratio of 37.69, a P/E/G ratio of 2.01 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 EPS. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Clean Harbors Company Profile

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.

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