SCHEDULE: FMR LLC Discloses 5.7% Stake in Clean Harbors

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 5.7% in Clean Harbors Inc. common stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson, through various subsidiaries and affiliates, collectively beneficially own 3,002,654.18 shares of Clean Harbors Inc. common stock.
• This represents 5.7% of the total outstanding common stock as of June 30, 2026.
• The filing is made under Schedule 13G, indicating passive investment status.
• FMR LLC is classified as an investment adviser (IA) and a holding company, while Abigail P. Johnson is identified as an individual investor.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but not dominant ownership stake by a major investment firm, indicating continued institutional interest without immediate implications for control.

Positives

• Significant institutional ownership by FMR LLC and Abigail P. Johnson indicates sustained investor confidence in Clean Harbors.
• The 5.7% stake suggests a substantial investment, potentially leading to increased liquidity and market visibility for the stock.
• The filing confirms that the shares are held in the ordinary course of business, implying a stable, long-term investment approach rather than a hostile takeover attempt.

Negatives

• The filing does not provide specific details on the acquisition cost or strategy behind the investment.
• While a significant stake, it does not represent a controlling interest, limiting immediate impact on corporate strategy or governance changes.

Risks

• Potential for future changes in FMR LLC's investment strategy could lead to significant buying or selling pressure on Clean Harbors' stock.
• The concentration of ownership among a few entities, even if passive, could be a factor in future corporate actions or market sentiment.

Future Outlook

The filing itself does not contain forward-looking statements or specific guidance regarding Clean Harbors Inc. It pertains to the reporting of beneficial ownership as of a past date.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that a Schedule 13G filing by a major investment entity like FMR LLC is common and typically signifies a passive investment. Clean Harbors operates in the environmental and industrial services sector, which often attracts institutional investment due to its essential nature and potential for long-term growth.

Comparison to Industry Standards

• FMR LLC's ownership stake of 5.7% in Clean Harbors is a significant holding for an institutional investor, often considered a substantial position but not a controlling one.
• Industry standards for Schedule 13G filings indicate that such stakes are generally held by investment funds, mutual funds, or asset managers who are not seeking to acquire control of the company.
• Competitors in the environmental services sector, such as Waste Management (WM) or Republic Services (RSG), also see significant institutional ownership, with stakes often ranging from 5% to 15% held by various large asset managers.

Stakeholder Impact

• Shareholders: The filing indicates continued institutional support, which can be viewed positively, but the passive nature means no immediate strategic changes are expected.
• Management: The passive ownership by FMR LLC and Abigail P. Johnson suggests no immediate pressure for changes in corporate strategy or leadership.
• Creditors: Stable institutional ownership can contribute to the company's perceived financial stability.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their shares in Clean Harbors Inc.
• Future filings will be made if their beneficial ownership percentage changes significantly (typically by 1% or more).

Key Dates

Keywords

Clean Harbors, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Institutional Investor