International Assets Investment Management LLC Makes New $31.55 Million Investment in Clean Harbors, Inc. (NYSE:CLH)

International Assets Investment Management LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 13,052 shares of the business services provider’s stock, valued at approximately $31,550,000.

Other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its stake in Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Clean Harbors in the 1st quarter valued at approximately $828,000. Driehaus Capital Management LLC boosted its stake in Clean Harbors by 17.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after purchasing an additional 18,058 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Clean Harbors by 28.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 92,071 shares of the business services provider’s stock worth $18,535,000 after purchasing an additional 20,626 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Clean Harbors by 25.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock valued at $4,491,000 after purchasing an additional 4,554 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

NYSE:CLH opened at $256.52 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. The company has a 50 day moving average price of $246.51 and a 200-day moving average price of $228.47. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 37.12 and a beta of 1.20.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CLH shares. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Truist Financial increased their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Needham & Company LLC lifted their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Robert W. Baird lifted their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $250.89.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,617 shares of company stock worth $2,613,132. 5.90% of the stock is owned by corporate insiders.

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.