Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,605 shares of the business services provider’s stock after buying an additional 297 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Clean Harbors were worth $369,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the last quarter. FMR LLC increased its stake in Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Janus Henderson Group PLC increased its stake in Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after purchasing an additional 7,948 shares during the last quarter. State Street Corp increased its stake in Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Clean Harbors by 1.4% in the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after purchasing an additional 11,808 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLH has been the subject of several research analyst reports. Oppenheimer upped their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. Stifel Nicolaus upped their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Finally, Truist Financial upped their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $269.44.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,785 shares of company stock valued at $444,558. Insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $221.21 on Thursday. Clean Harbors, Inc. has a 1-year low of $176.02 and a 1-year high of $267.11. The business has a 50-day moving average of $234.40 and a 200-day moving average of $242.30. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Clean Harbors Company 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.