Corient Private Wealth LLC Purchases 7,667 Shares of Clean Harbors, Inc. $CLH

Corient Private Wealth LLC grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 152.9% during the fourth quarter, Holdings Channel reports. The fund owned 12,682 shares of the business services provider’s stock after purchasing an additional 7,667 shares during the period. Corient Private Wealth LLC’s holdings in Clean Harbors were worth $2,975,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CLH. Janus Henderson Group PLC lifted its stake in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the period. State Street Corp grew its stake in Clean Harbors by 0.8% in the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the period. Snyder Capital Management L P grew its stake in Clean Harbors by 7.9% in the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after purchasing an additional 83,638 shares during the period. Nordea Investment Management AB raised its holdings in Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Clean Harbors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after purchasing an additional 11,020 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.8%

Shares of NYSE:CLH opened at $301.68 on Friday. 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 stock has a fifty day simple moving average of $293.57 and a two-hundred day simple moving average of $277.65. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 40.88 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLH. Wells Fargo & Company boosted their target price on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price target for the company. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, UBS Group upped their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $323.23.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. The trade was a 6.49% decrease in their position. 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 insiders.

About Clean Harbors

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.