KBC Group NV Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

KBC Group NV increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,412 shares of the business services provider’s stock after buying an additional 205 shares during the period. KBC Group NV’s holdings in Clean Harbors were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division raised its holdings in Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after buying an additional 47 shares during the last quarter. Quent Capital LLC raised its holdings in Clean Harbors by 6.9% in the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47 shares during the last quarter. Fifth Third Bancorp lifted its position in Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 50 shares in the last quarter. MJP Associates Inc. ADV boosted its stake in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 51 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLH. The Goldman Sachs Group upped their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Truist Financial raised their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird reduced 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. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research 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. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $254.33.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 309 shares of the company’s stock in a transaction on 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 transaction, the director now owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This represents a 2.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,586 shares of company stock valued at $4,351,841 over the last quarter. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Stock Up 1.3 %

Shares of CLH stock opened at $246.62 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The stock has a market cap of $13.29 billion, a P/E ratio of 32.11 and a beta of 1.20. The company has a 50 day simple moving average of $249.34 and a two-hundred day simple moving average of $234.46.

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

Clean Harbors 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.