CENTRAL TRUST Co Purchases 160 Shares of Clean Harbors, Inc. (NYSE:CLH)

CENTRAL TRUST Co boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 161.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259 shares of the business services provider’s stock after purchasing an additional 160 shares during the quarter. CENTRAL TRUST Co’s holdings in Clean Harbors were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Clearbridge Investments LLC boosted its holdings in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. bought a new stake in shares of Clean Harbors in the second quarter valued at approximately $42,968,000. DAVENPORT & Co LLC grew its position in Clean Harbors by 93.1% during the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after buying an additional 127,498 shares in the last quarter. Marshall Wace LLP increased its stake in Clean Harbors by 20.3% during the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after acquiring an additional 90,756 shares during the period. Finally, Spirepoint Private Client LLC acquired a new position in Clean Harbors in the 1st quarter valued at $16,594,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, 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 research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $250.89.

Insiders Place Their Bets

In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related 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 transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,617 shares of company stock worth $2,613,132. Company insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $253.87 on Monday. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 36.74 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $261.81. The company’s fifty day moving average is $246.21 and its 200 day moving average is $228.07.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.65 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.