Clean Harbors, Inc. (NYSE:CLH) Position Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,583 shares of the business services provider’s stock after selling 1,186 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Clean Harbors worth $10,293,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Clean Harbors in the second quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 63.4% during the 3rd 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 in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Clean Harbors during the third quarter worth $56,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors during the second quarter valued at $56,000. Finally, CENTRAL TRUST Co boosted its position 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 valued at $63,000 after purchasing an additional 160 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on CLH shares. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Truist Financial upped their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $254.33.

Clean Harbors Trading Up 0.4 %

NYSE:CLH opened at $256.22 on Wednesday. The company has a market capitalization of $13.81 billion, a P/E ratio of 33.36 and a beta of 1.22. The stock’s 50 day moving average price is $251.46 and its 200 day moving average price is $237.22. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52 week low of $161.39 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $1.68 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,447 shares of company stock worth $4,576,829 over the last three months. Corporate insiders own 5.90% of the company’s stock.

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.