Los Angeles Capital Management LLC Acquires 130 Shares of Clean Harbors, Inc. (NYSE:CLH)

Los Angeles Capital Management LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,465 shares of the business services provider’s stock after purchasing an additional 130 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Clean Harbors were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at about $25,000. UMB Bank n.a. increased its stake in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after acquiring an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the 2nd quarter valued at approximately $56,000. CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Clean Harbors by 117.7% during 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. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CLH shares. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird dropped their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $254.33.

Insiders Place Their Bets

In other news, insider Robert Speights sold 610 shares of the firm’s 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 sale, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Trading Down 1.3 %

CLH opened at $247.39 on Friday. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a market capitalization of $13.33 billion, a P/E ratio of 32.21 and a beta of 1.20. The stock’s fifty day moving average is $249.02 and its two-hundred day moving average is $233.70. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

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