First Trust Advisors LP Purchases 70,447 Shares of Clean Harbors, Inc. $CLH

First Trust Advisors LP increased its position in Clean Harbors, Inc. (NYSE:CLH) by 10.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 778,441 shares of the business services provider’s stock after acquiring an additional 70,447 shares during the quarter. First Trust Advisors LP’s holdings in Clean Harbors were worth $223,202,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CLH. Integrated Wealth Concepts LLC lifted its stake in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. raised its holdings in Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 789 shares of the company’s 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 transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CLH. Truist Financial raised their price target on Clean Harbors from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird boosted their price objective on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Citigroup increased their price objective on Clean Harbors from $346.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Needham & Company LLC raised their target price on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.92.

Clean Harbors Price Performance

Clean Harbors stock opened at $306.43 on Thursday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The business has a 50-day simple moving average of $293.47 and a 200 day simple moving average of $285.82. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 41.52 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. On average, research analysts forecast that Clean Harbors, Inc. will post 8.59 earnings per share for the current fiscal year.

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.