Robeco Schweiz AG Purchases 8,083 Shares of Clean Harbors, Inc. $CLH

Robeco Schweiz AG boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 85.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,583 shares of the business services provider’s stock after acquiring an additional 8,083 shares during the quarter. Robeco Schweiz AG’s holdings in Clean Harbors were worth $5,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CLH. Assetmark Inc. boosted its position in Clean Harbors by 8.9% in the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after buying an additional 35 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Clean Harbors by 0.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,139 shares of the business services provider’s stock valued at $1,314,000 after acquiring an additional 35 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Clean Harbors by 2.6% in the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after acquiring an additional 50 shares during the period. Evergreen Capital Management LLC grew its position in Clean Harbors by 2.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 2,271 shares of the business services provider’s stock worth $705,000 after purchasing an additional 54 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in Clean Harbors by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after purchasing an additional 59 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CLH shares. BMO Capital Markets reiterated an “outperform” rating and set a $364.00 price objective on shares of Clean Harbors in a research note on Thursday, October 15th. Robert W. Baird raised their target price on Clean Harbors from $360.00 to $365.00 and gave the stock an “outperform” rating in a report on Thursday. Truist Financial lifted their price target on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup boosted their price target on Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Finally, Stifel Nicolaus upped their price objective on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.07.

Clean Harbors Stock Down 0.6%

CLH opened at $319.02 on Friday. The company has a market cap of $16.84 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a 50-day moving average price of $317.02 and a 200 day moving average price of $305.38. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the firm posted $2.36 EPS. Clean Harbors’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Clean Harbors, Inc. will post 9.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction dated 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 directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.00% of the company’s stock.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.