Northwest & Ethical Investments L.P. Raises Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Northwest & Ethical Investments L.P. raised its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,285 shares of the business services provider's stock after purchasing an additional 3,418 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Clean Harbors were worth $2,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ grew its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP grew its position in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. increased its stake in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Clean Harbors in the 3rd quarter worth $56,000. Finally, UMB Bank n.a. lifted its position in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Truist Financial lowered their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Finally, Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $266.56.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $0.20 during mid-day trading on Tuesday, reaching $200.50. The stock had a trading volume of 353,374 shares, compared to its average volume of 317,106. The company has a market cap of $10.80 billion, a P/E ratio of 27.02 and a beta of 1.22. The business's 50 day moving average price is $219.97 and its 200 day moving average price is $236.42. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 EPS. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The stock was purchased at an average price 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 $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock worth $663,041 in the last three months. Insiders own 5.90% of the company's stock.

Clean Harbors 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.