Dimensional Fund Advisors LP Sells 68,572 Shares of Clean Harbors, Inc. (NYSE:CLH)

Dimensional Fund Advisors LP cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 707,758 shares of the business services provider’s stock after selling 68,572 shares during the period. Dimensional Fund Advisors LP owned approximately 1.31% of Clean Harbors worth $160,072,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new stake in Clean Harbors in the second quarter worth $56,000. Envestnet Asset Management Inc. boosted its holdings in Clean Harbors by 17.7% in the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock worth $20,253,000 after purchasing an additional 13,458 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Clean Harbors by 7.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 75,760 shares of the business services provider’s stock worth $17,133,000 after purchasing an additional 5,375 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Clean Harbors by 1.3% in the second quarter. Federated Hermes Inc. now owns 392,190 shares of the business services provider’s stock worth $88,694,000 after purchasing an additional 5,008 shares in the last quarter. Finally, TradeLink Capital LLC bought a new stake in Clean Harbors in the second quarter worth $210,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 0.1 %

Shares of CLH opened at $247.10 on Friday. The company has a 50-day simple moving average of $235.97 and a 200-day simple moving average of $217.39. The firm has a market capitalization of $13.33 billion, a P/E ratio of 35.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.74.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Needham & Company LLC upped their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer upped their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors has an average rating of “Buy” and an average target price of $242.40.

Insider Buying and Selling

In related news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Clean Harbors news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

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.