Charles Schwab Investment Management Inc. Acquires 4,625 Shares of Clean Harbors, Inc. (NYSE:CLH)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 444,961 shares of the business services provider’s stock after purchasing an additional 4,625 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.83% of Clean Harbors worth $102,403,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLH. Allworth Financial LP boosted its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares during the period. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the 3rd quarter valued at approximately $56,000. UMB Bank n.a. raised its holdings in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. Spire Wealth Management raised its holdings in Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Oppenheimer cut their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Truist Financial dropped their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Down 0.1 %

NYSE CLH opened at $197.29 on Monday. The firm has a market cap of $10.63 billion, a PE ratio of 26.59 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $184.51 and a one year high of $267.11. The stock’s 50 day simple moving average is $227.79 and its 200 day simple moving average is $240.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 924 shares of company stock worth $219,570. Insiders own 5.90% of the company’s stock.

Clean Harbors Company 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.