Clean Harbors, Inc. (NYSE:CLH) Stake Lessened by US Bancorp DE

US Bancorp DE trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 49.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380 shares of the business services provider’s stock after selling 373 shares during the quarter. US Bancorp DE’s holdings in Clean Harbors were worth $92,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CLH. Janus Henderson Group PLC lifted its position in shares of Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the last quarter. Clearbridge Investments LLC raised its stake in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after buying an additional 248,240 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Clean Harbors by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after buying an additional 12,411 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after acquiring an additional 63,800 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on CLH shares. Truist Financial lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC lowered their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $254.33.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

Shares of CLH stock opened at $247.39 on Friday. The business has a 50 day simple moving average of $249.02 and a 200 day simple moving average of $233.70. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 32.21 and a beta of 1.20. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.68 earnings per share. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current year.

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.