OneDigital Investment Advisors LLC Takes Position in Clean Harbors, Inc. (NYSE:CLH)

OneDigital Investment Advisors LLC acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,585 shares of the business services provider's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. Vanguard Group Inc. grew its position in shares of Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after purchasing an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its position in Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after buying an additional 592,341 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after buying an additional 697,630 shares in the last quarter. Bessemer Group Inc. increased its stake in Clean Harbors by 0.9% during the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock worth $252,042,000 after acquiring an additional 9,595 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Clean Harbors by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider's stock valued at $155,784,000 after acquiring an additional 15,888 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Trading Up 2.3 %

Shares of NYSE:CLH traded up $4.99 during midday trading on Friday, hitting $222.37. 358,108 shares of the stock were exchanged, compared to its average volume of 348,453. The business's 50-day moving average price is $201.32 and its 200 day moving average price is $227.28. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of 29.97 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Needham & Company LLC reduced their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday. The Goldman Sachs Group reduced their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Profile

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.