Commerce Bank cut its position in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,422 shares of the business services provider’s stock after selling 65 shares during the quarter. Commerce Bank’s holdings in Clean Harbors were worth $585,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CLH. Innealta Capital LLC bought a new stake in shares of Clean Harbors in the second quarter worth $25,000. UMB Bank n.a. grew its position in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors in the second quarter valued at about $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter worth about $56,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. 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. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird decreased their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $254.33.
Insider Buying and Selling
In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This represents a 9.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is owned by corporate insiders.
Clean Harbors Price Performance
Shares of NYSE:CLH opened at $259.18 on Tuesday. The stock’s 50 day moving average is $250.15 and its 200-day moving average is $235.60. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 33.75 and a beta of 1.20.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its 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 the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company’s 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 fiscal 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.
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