Simplicity Wealth LLC Invests $1.08 Million in Clean Harbors, Inc. $CLH

Key Points

• Simplicity Wealth LLC acquired 3,621 Clean Harbors shares worth approximately $1.08 million in the second quarter. Institutional investors collectively own 90.43% of the company.
• Clean Harbors reported quarterly EPS of $3.22, exceeding estimates of $2.81, while revenue rose 11.9% year over year to $1.74 billion.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $354.57; shares recently opened at $321.65.

Simplicity Wealth LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,621 shares of the business services provider's stock, valued at approximately $1,082,000.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock worth $431,000 after buying an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock valued at $120,000 after acquiring an additional 196 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock worth $10,757,000 after acquiring an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. grew its position in Clean Harbors by 65.1% in the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider's stock worth $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. increased its stake in Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider's stock worth $1,021,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of CLH stock opened at $321.65 on Monday. The stock has a 50 day moving average price of $301.56 and a 200 day moving average price of $292.59. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The firm has a market capitalization of $16.98 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.12 and a beta of 0.86.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company posted $2.36 EPS. Clean Harbors's quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CLH shares. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a "buy" rating in a research note on Thursday, July 30th. Citigroup increased their price target on Clean Harbors from $349.00 to $376.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BMO Capital Markets raised their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Truist Financial increased their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and a consensus target price of $354.57.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 789 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company's stock.

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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