BNP Paribas Financial Markets Sells 36,624 Shares of Clean Harbors, Inc. (NYSE:CLH)

BNP Paribas Financial Markets decreased its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 76.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,481 shares of the business services provider's stock after selling 36,624 shares during the quarter. BNP Paribas Financial Markets' holdings in Clean Harbors were worth $2,775,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Clean Harbors in the second quarter worth about $25,000. UMB Bank n.a. increased its holdings in Clean Harbors by 63.4% in 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 bought a new stake in Clean Harbors during the 3rd quarter worth approximately $56,000. Brown Brothers Harriman & Co. purchased a new position in Clean Harbors during the second quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co lifted its holdings in Clean Harbors by 161.6% during the third 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 in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

NYSE:CLH traded up $1.20 during trading hours on Friday, reaching $247.88. The stock had a trading volume of 336,718 shares, compared to its average volume of 295,446. The stock has a market capitalization of $13.36 billion, a PE ratio of 32.20 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $161.39 and a 52 week high of $267.11. The company has a 50 day moving average price of $251.89 and a two-hundred day moving average price of $237.71. 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 (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other news, 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 value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,447 shares of company stock valued at $4,576,829. Insiders own 5.90% of the company's stock.

Analyst Ratings Changes

CLH has been the topic of several recent analyst reports. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday. They set a "buy" rating and a $325.00 price objective on the stock. Needham & Company LLC decreased 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. Oppenheimer upped their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Truist Financial increased their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and a consensus target price of $261.40.

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.