Janus Henderson Group PLC Grows Stake in Clean Harbors, Inc. (NYSE:CLH)

Janus Henderson Group PLC increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,598,915 shares of the business services provider's stock after purchasing an additional 7,948 shares during the quarter. Janus Henderson Group PLC owned approximately 2.97% of Clean Harbors worth $386,477,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CLH. Innealta Capital LLC bought a new position in Clean Harbors in the 2nd quarter worth $25,000. UMB Bank n.a. increased its stake 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 buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors in the 2nd quarter worth $56,000. Prospera Private Wealth LLC purchased a new stake in Clean Harbors in the 3rd quarter worth $56,000. Finally, CENTRAL TRUST Co increased its stake in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after buying an additional 160 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Down 0.1 %

NYSE CLH traded down $0.35 during trading on Wednesday, hitting $255.87. The stock had a trading volume of 208,021 shares, compared to its average volume of 295,151. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 33.32 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $161.39 and a one year high of $267.11. The stock has a 50 day simple moving average of $251.62 and a 200 day simple moving average of $237.52.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) 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 firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Activity

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 $3,428,731. This trade represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,447 shares of company stock valued at $4,576,829. Corporate insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CLH shares. Robert W. Baird cut their price target on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Needham & Company LLC cut their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial raised their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $254.33.

Clean Harbors Company 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.