Empowered Funds LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Empowered Funds LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,831 shares of the business services provider’s stock, valued at approximately $5,945,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLH. Wellington Management Group LLP boosted its stake in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. FMR LLC boosted its position in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after acquiring an additional 187,140 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after acquiring an additional 7,948 shares during the last quarter. State Street Corp grew its holdings in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the period. Finally, Geode Capital Management LLC increased its position in Clean Harbors by 1.4% during the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock worth $204,955,000 after purchasing an additional 11,808 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of Clean Harbors 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,836 shares of company stock worth $1,966,314 over the last three months. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CLH. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer increased their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average price target of $269.44.

Clean Harbors Price Performance

CLH stock opened at $235.73 on Tuesday. The business’s fifty day moving average price is $237.17 and its 200 day moving average price is $242.49. Clean Harbors, Inc. has a 12-month low of $176.02 and a 12-month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $12.71 billion, a PE ratio of 30.69 and a beta of 1.24.

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.