Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 11.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 126,589 shares of the business services provider's stock after selling 16,087 shares during the period. Loomis Sayles & Co. L P owned 0.23% of Clean Harbors worth $30,598,000 at the end of the most recent quarter.

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

Clean Harbors Stock Up 0.4 %

Clean Harbors stock traded up $0.99 during midday trading on Tuesday, hitting $259.99. 259,121 shares of the stock were exchanged, compared to its average volume of 297,015. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market cap of $14.01 billion, a P/E ratio of 33.85 and a beta of 1.20. The company has a 50 day moving average price of $250.15 and a two-hundred day moving average price of $235.60.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $1.68 EPS. The company's revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CLH shares. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Stifel Nicolaus reiterated a "buy" rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors 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 research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.