Simplicity Wealth LLC Makes New $1.08 Million Investment in Clean Harbors, Inc. $CLH

Simplicity Wealth LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,621 shares of the business services provider’s stock, valued at approximately $1,082,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Clean Harbors during the 4th quarter worth about $152,195,000. Durable Capital Partners LP purchased a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $133,217,000. Bank of New York Mellon Corp purchased a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $105,962,000. Two Sigma Investments LP boosted its stake in shares of Clean Harbors by 148.3% during the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Clean Harbors by 10.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock opened at $321.65 on Monday. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The business’s fifty day simple moving average is $301.56 and its 200-day simple moving average is $292.59. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.98 billion, a PE ratio of 39.03, a PEG ratio of 2.12 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $2.36 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CLH shares. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Bank of America set a $377.00 price target on Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. Citigroup raised their price objective on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC lifted their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Company 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.