M.D. Sass LLC Invests $80.81 Million in Clean Harbors, Inc. $CLH

M.D. Sass LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 270,507 shares of the business services provider’s stock, valued at approximately $80,814,000. Clean Harbors comprises 5.3% of M.D. Sass LLC’s investment portfolio, making the stock its 4th biggest holding. M.D. Sass LLC owned about 0.51% of Clean Harbors as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after purchasing an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Clean Harbors in the fourth quarter valued at approximately $938,000. Swedbank AB boosted its holdings in shares of Clean Harbors by 7.1% during the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after buying an additional 10,000 shares in the last quarter. New York Life Investment Management LLC bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $1,065,000. Finally, Janus Henderson Group PLC grew its position in shares of Clean Harbors by 10.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

CLH opened at $319.75 on Wednesday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.12 and a beta of 0.86. The company’s fifty day moving average price is $303.16 and its two-hundred day moving average price is $293.49. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the company earned $2.36 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CLH shares. Needham & Company LLC boosted their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group lifted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. TD Cowen increased their price objective on shares of Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Bank of America set a $377.00 target price on Clean Harbors and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,078 shares of company stock worth $1,276,908. Insiders own 5.00% of the company’s stock.

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.