Cerity Partners LLC Grows Stake in Clean Harbors, Inc. (NYSE:CLH)

Cerity Partners LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,277 shares of the business services provider's stock after buying an additional 3,580 shares during the period. Cerity Partners LLC's holdings in Clean Harbors were worth $3,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in Clean Harbors during the 2nd quarter valued at about $25,000. UMB Bank n.a. lifted its position 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 purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors during the second quarter valued at approximately $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors in the third quarter worth approximately $56,000. Finally, CENTRAL TRUST Co increased 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 buying an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company's stock, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Robert W. Baird dropped their price target 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. StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Truist Financial upped their price target on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC cut their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $254.33.

Clean Harbors Stock Performance

Clean Harbors stock opened at $260.19 on Friday. 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 company has a market capitalization of $14.02 billion, a P/E ratio of 33.88 and a beta of 1.20. The stock's 50 day moving average is $251.08 and its 200 day moving average is $236.24.

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 analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company's revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

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.