Toronto Dominion Bank Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Toronto Dominion Bank acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,319 shares of the business services provider’s stock, valued at approximately $3,295,000.

Several other large investors have also recently made changes to their positions in CLH. Barclays PLC lifted its stake in shares of Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the period. UMB Bank n.a. lifted its stake in shares of 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 purchasing an additional 66 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Clean Harbors by 20.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider’s stock valued at $21,588,000 after purchasing an additional 16,170 shares during the period. XML Financial LLC lifted its stake in shares of Clean Harbors by 20.3% in the 4th quarter. XML Financial LLC now owns 1,480 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 250 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Clean Harbors by 330.7% in the 4th quarter. SG Americas Securities LLC now owns 12,163 shares of the business services provider’s stock valued at $2,799,000 after purchasing an additional 9,339 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock opened at $227.65 on Friday. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 30.68 and a beta of 1.19. The company has a fifty day simple moving average of $209.23 and a 200-day simple moving average of $225.28. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CLH shares. BMO Capital Markets decreased their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Truist Financial reduced their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reduced their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.67.

About Clean Harbors

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.