Settian Capital LP Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Settian Capital LP grew its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the business services provider's stock after purchasing an additional 2,000 shares during the quarter. Clean Harbors accounts for about 1.9% of Settian Capital LP's holdings, making the stock its 17th biggest holding. Settian Capital LP's holdings in Clean Harbors were worth $2,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in shares of Clean Harbors in the second quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the third quarter valued at approximately $56,000. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors in the second quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co raised its holdings in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock valued at $63,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH traded up $0.99 during mid-day trading on Tuesday, hitting $259.99. 259,121 shares of the company's stock were exchanged, compared to its average volume of 297,015. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The firm has a market capitalization of $14.01 billion, a P/E ratio of 33.85 and a beta of 1.20. The business's 50 day moving average is $250.15 and its two-hundred day moving average is $235.60. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

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

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares of the company's stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 over the last 90 days. Company insiders own 5.90% of the company's stock.

Analyst Ratings Changes

CLH has been the topic of several analyst reports. Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reissued a "buy" rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial raised their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Finally, StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $254.33.

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.