Dana Investment Advisors Inc. owns $10.55 million stake in Clean Harbors, Inc. (NYSE:CLH)

Dana Investment Advisors Inc. raised its holdings in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 366.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,645 shares of the business services provider’s stock after purchasing an additional 36,651 shares during the period. Holdings of Dana Investment Advisors Inc. in Clean Harbors were worth $10,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CLH. Inçalta Capital LLC purchased a new position in Clean Harbors in the second quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of Clean Harbors in the first quarter worth $27,000. GAMMA Investing LLC boosted its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors in the second quarter valued at approximately $56,000. Finally, Creekmur Asset Management LLC bought a new position in Clean Harbors in the 4th quarter valued at approximately $50,000. 90.43% of shares are currently held by institutional investors.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently issued reports on CLH shares. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday. Needham & Company LLC upped their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer upped their target price on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $242.40, according to MarketBeat.com.

View our latest stock analysis on clean ports

Supplying Clean Harbors by 1.5%

NYSE:CLH opened at $241.99 on Tuesday. Clean Harbors, Inc. it has a one year low of $132.92 and a one year high of $251.65. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10, and a quick ratio of 1.76. The company has a market cap of $13.05 billion, a PE ratio of 35.02 and a beta of 1.20. The company’s 50-day simple moving average is $238.05 and its 200-day simple moving average is $220.60.

Clean Harbors (NYSE:CLH – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. Clean Harbors’s revenue was up 10.9% compared to the same quarter last year. In the same quarter last year, the company earned $2.13 per share. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Domestic buying and selling at Clean Harbours

In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s shares.

Clean Harbors Profile

(Free Report)

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 of hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, laboratory chemical disposal and explosives management services ; and provides CleanPack services, including the collection, identification, sorting, specialized packaging, transportation and disposal of laboratory chemicals and household hazardous waste.

Further reading

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