Allspring Global Investments Holdings LLC Reduces Stake in Clean Harbors, Inc. (NYSE:CLH)

Allspring Global Investments Holdings LLC lessened its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,598 shares of the business services provider’s stock after selling 1,855 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.17% of Clean Harbors worth $21,898,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. lifted its stake in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $56,000. Blue Trust Inc. lifted its stake in shares of Clean Harbors by 117.7% in the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 173 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Clean Harbors by 141.0% in the 2nd quarter. GAMMA Investing LLC now owns 417 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

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 transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,617 shares of company stock valued at $2,613,132 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLH shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Truist Financial increased their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Robert W. Baird increased their target price on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Oppenheimer increased their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average target price of $250.89.

Clean Harbors Price Performance

CLH stock opened at $255.49 on Friday. 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 firm has a market capitalization of $13.78 billion, a P/E ratio of 36.97 and a beta of 1.20. The business’s 50-day moving average is $245.86 and its two-hundred day moving average is $227.35. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $261.81.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating 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 return on equity of 17.12% and a net margin of 6.97%. Clean Harbors’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 EPS. Analysts anticipate that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Clean Harbors Company Profile

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.