Fairvoy Private Wealth LLC Invests $618,000 in Clean Harbors, Inc. $CLH

Fairvoy Private Wealth LLC acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,156 shares of the business services provider’s stock, valued at approximately $618,000.

A number of other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in Clean Harbors during the 4th quarter valued at about $152,195,000. Durable Capital Partners LP bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $133,217,000. Nordea Investment Management AB grew its stake in shares of Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in 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 valued at $557,146,000 after buying an additional 215,659 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial lifted their price target on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. 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 note on Thursday, May 14th. Stifel Nicolaus began coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $323.23.

Clean Harbors Stock Performance

CLH opened at $299.20 on Friday. The company’s 50 day moving average is $293.46 and its 200 day moving average is $277.48. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 40.54 and a beta of 0.87. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion during 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 business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post 8.5 EPS for the current 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.