Benjamin Edwards Inc. Has $1.55 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Benjamin Edwards Inc. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 1.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,864 shares of the business services provider’s stock after purchasing an additional 77 shares during the quarter. Benjamin Edwards Inc.’s holdings in Clean Harbors were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Clean Harbors during the 4th quarter worth approximately $87,074,000. Lazard Freres Gestion S.A.S. bought a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $42,968,000. Wellington Management Group LLP raised its stake in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Clean Harbors by 93.1% during the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after purchasing an additional 127,498 shares in the last quarter. Finally, Spirepoint Private Client LLC bought a new stake in shares of Clean Harbors during the 1st quarter worth approximately $16,594,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

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

Clean Harbors Stock Performance

CLH opened at $247.27 on Friday. The firm has a market cap of $13.34 billion, a P/E ratio of 35.78 and a beta of 1.20. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $247.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The business’s fifty day moving average is $235.55 and its 200-day moving average is $217.18.

Clean Harbors (NYSE:CLH) last released its 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. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. Clean Harbors’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. Sell-side analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.