Bank of Montreal Can Raises Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Bank of Montreal Can grew its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 11.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,629 shares of the business services provider's stock after purchasing an additional 4,060 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Clean Harbors worth $9,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB boosted its position in shares of Clean Harbors by 83.3% during the second quarter. Swedbank AB now owns 110,000 shares of the business services provider's stock worth $24,876,000 after acquiring an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock worth $28,000,000 after acquiring an additional 18,058 shares during the last quarter. Bridges Investment Management Inc. bought a new position in shares of Clean Harbors during the second quarter worth $729,000. Advisor Resource Council bought a new position in Clean Harbors during the third quarter valued at $926,000. Finally, Northcape Capital Pty Ltd bought a new position in Clean Harbors during the third quarter valued at $2,324,000. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLH shares. Needham & Company LLC lowered their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Truist Financial increased their price objective 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 lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird lowered 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 report on Thursday, October 31st. Finally, Oppenheimer increased their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $254.33.

Clean Harbors Stock Down 1.5 %

Shares of NYSE:CLH traded down $3.96 during trading on Monday, reaching $256.13. The stock had a trading volume of 48,182 shares, compared to its average volume of 295,486. Clean Harbors, Inc. has a one year low of $161.39 and a one year high of $267.11. The company has a market capitalization of $13.81 billion, a P/E ratio of 34.02 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm's 50-day simple moving average is $251.34 and its 200 day simple moving average is $236.91.

Clean Harbors (NYSE:CLH - Get Free Report) last released its 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). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $1.68 earnings per share. As a group, research analysts expect that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 861 shares of the business's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was 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. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock worth $4,576,829 in the last three months. Corporate insiders own 5.90% of the company's stock.

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.