Fairvoy Private Wealth LLC Makes New Investment in Clean Harbors, Inc. $CLH

Fairvoy Private Wealth LLC acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 1st quarter, Holdings Channel.com reports. The firm acquired 2,156 shares of the business services provider’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC grew its stake in Clean Harbors by 102.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Clean Harbors by 65.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after purchasing an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after buying an additional 60 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on CLH shares. Barclays raised their price target on Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Truist Financial raised their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Robert W. Baird boosted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and upped their target price for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Finally, TD Cowen raised their target price on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.23.

Insider Activity

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $299.20 on Friday. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $15.81 billion, a PE ratio of 40.54 and a beta of 0.87. The company’s 50 day moving average is $293.46 and its 200 day moving average is $277.48.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.