Principal Financial Group Inc. Has $28.40 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Principal Financial Group Inc. lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,495 shares of the business services provider’s stock after selling 49,645 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Clean Harbors worth $28,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in Clean Harbors during the 2nd quarter worth approximately $25,000. UMB Bank n.a. boosted its position in shares of 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 purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $56,000. CENTRAL TRUST Co increased 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 buying an additional 160 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after buying an additional 173 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLH. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Trading Down 0.9 %

Shares of NYSE:CLH opened at $260.78 on Wednesday. The company’s 50-day moving average price is $247.99 and its two-hundred day moving average price is $232.71. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $14.06 billion, a PE ratio of 33.96 and a beta of 1.20.

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

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Clean Harbors 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 transaction 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,227 shares of company stock valued at $2,759,617. 5.90% of the stock is owned by corporate insiders.

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.