Sanctuary Advisors LLC Purchases 820 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sanctuary Advisors LLC increased its position in Clean Harbors, Inc. (NYSE:CLH) by 60.8% during the third quarter, Holdings Channel.com reports. The firm owned 2,169 shares of the business services provider’s stock after buying an additional 820 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clean Harbors were worth $548,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CLH. Virtu Financial LLC acquired a new position in Clean Harbors during the 3rd quarter valued at about $343,000. TD Private Client Wealth LLC lifted its holdings in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Clean Harbors by 1.4% in the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after purchasing an additional 11,808 shares in the last quarter. Barclays PLC boosted its position in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Clean Harbors by 534.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,460 shares of the business services provider’s stock worth $353,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the insider now directly owns 39,160 shares of the company’s stock, 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. Insiders have sold a total of 8,446 shares of company stock valued at $2,119,483 over the last three months. 5.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird decreased their price objective 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. Truist Financial boosted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $271.00.

Clean Harbors Price Performance

Clean Harbors stock opened at $230.94 on Thursday. The business’s 50 day simple moving average is $249.08 and its 200 day simple moving average is $240.21. Clean Harbors, Inc. has a 12 month low of $161.39 and a 12 month high of $267.11. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 30.07 and a beta of 1.22. 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 (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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.21 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.