Empowered Funds LLC Purchases Shares of 3,508 Clean Harbors, Inc. $CLH

Empowered Funds LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel reports. The fund bought 3,508 shares of the business services provider’s stock, valued at approximately $1,048,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Clean Harbors in the 2nd quarter worth about $1,516,521,000. Jupiter Topco LLC acquired a new stake in Clean Harbors during the 2nd quarter worth approximately $477,570,000. Norges Bank acquired a new stake in Clean Harbors during the 4th quarter worth approximately $152,195,000. Durable Capital Partners LP purchased a new position in Clean Harbors in the third quarter valued at approximately $133,217,000. Finally, Bank of America Corp DE acquired a new position in Clean Harbors during the second quarter valued at approximately $142,801,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Gerstenberg sold 2,500 shares of the stock in a transaction on Friday, August 14th. The shares were 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 $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent research reports. Barclays increased their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. UBS Group upped their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Oppenheimer reissued an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. Bank of America set a $377.00 price objective on Clean Harbors and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Truist Financial upped their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Trading Down 0.6%

Shares of CLH opened at $316.67 on Friday. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $335.94. The stock has a 50-day moving average price of $309.56 and a 200 day moving average price of $297.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The company has a market capitalization of $16.72 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.06 and a beta of 0.85.

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. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.36 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Clean Harbors 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.