Hancock Whitney Corp Decreases Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Hancock Whitney Corp reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,520 shares of the business services provider’s stock after selling 502 shares during the quarter. Hancock Whitney Corp owned approximately 0.09% of Clean Harbors worth $10,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CLH. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $732,000. Capstone Investment Advisors LLC purchased a new stake in Clean Harbors during the fourth quarter worth about $691,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in Clean Harbors in the first quarter worth about $14,161,000. Perpetual Ltd boosted its stake in Clean Harbors by 9.6% in the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after acquiring an additional 4,606 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research reports. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Monday, September 16th. Robert W. Baird upped their price target on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Oppenheimer lifted their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Price Performance

CLH stock opened at $247.10 on Friday. The firm has a 50 day moving average of $236.37 and a 200-day moving average of $217.82. The firm has a market capitalization of $13.33 billion, a P/E ratio of 35.76 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $247.74. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned $2.13 EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

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

About Clean Harbors

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.