Hancock Whitney Corp Reduces Holdings in Clean Harbors, Inc. (NYSE:CLH)

Hancock Whitney Corp reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 74.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,149 shares of the business services provider's stock after selling 35,272 shares during the quarter. Hancock Whitney Corp's holdings in Clean Harbors were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors in the fourth quarter worth approximately $4,386,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors in the 4th quarter worth about $846,000. Mountain Pacific Investment Advisers LLC increased its stake in Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after buying an additional 4,240 shares during the last quarter. Barclays PLC lifted its position in shares of Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after buying an additional 8,639 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Price Performance

Clean Harbors stock traded up $0.73 during midday trading on Monday, hitting $212.67. 360,594 shares of the company's stock were exchanged, compared to its average volume of 346,734. The company has a market cap of $11.53 billion, a P/E ratio of 28.66 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a 50-day moving average price of $201.24 and a two-hundred day moving average price of $228.52. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm posted $1.82 earnings per share. Clean Harbors's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CLH shares. The Goldman Sachs Group dropped their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Truist Financial lowered their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Oppenheimer lowered their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets dropped their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.40.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction 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 sale, the director now owns 11,918 shares of the company's stock, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.60% 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.