Candriam S.C.A. Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Candriam S.C.A. increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 41.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,789 shares of the business services provider's stock after buying an additional 32,436 shares during the period. Candriam S.C.A. owned 0.21% of Clean Harbors worth $25,497,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider's stock valued at $834,323,000 after purchasing an additional 100,394 shares during the period. FMR LLC increased its position in Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock valued at $422,319,000 after purchasing an additional 187,140 shares during the period. Janus Henderson Group PLC increased its position in Clean Harbors by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider's stock valued at $386,477,000 after purchasing an additional 7,948 shares during the period. State Street Corp increased its position in Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider's stock valued at $365,070,000 after purchasing an additional 21,662 shares during the period. Finally, Geode Capital Management LLC increased its position in Clean Harbors by 1.4% during the 3rd 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 during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 924 shares of company stock valued at $219,570. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Performance

CLH stock traded down $0.25 during trading on Friday, reaching $197.29. The company had a trading volume of 527,932 shares, compared to its average volume of 459,305. The firm has a 50-day simple moving average of $227.79 and a 200-day simple moving average of $240.13. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 26.59 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a twelve month low of $184.51 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the business earned $1.82 EPS. Clean Harbors's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CLH shares. Needham & Company LLC reissued a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Robert W. Baird lowered their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $270.56.

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.