Northwest & Ethical Investments L.P. Has $2.14 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Northwest & Ethical Investments L.P. raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1,213.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,867 shares of the business services provider's stock after buying an additional 8,192 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Clean Harbors were worth $2,143,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLH. FMR LLC increased its position in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock valued at $422,319,000 after purchasing an additional 187,140 shares during the period. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after purchasing an additional 248,240 shares during the period. Handelsbanken Fonder AB increased its position in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock valued at $137,974,000 after purchasing an additional 63,800 shares during the period. Marshall Wace LLP grew its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after acquiring an additional 90,756 shares during the period. Finally, Artemis Investment Management LLP grew its position in Clean Harbors by 13.7% in the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider's stock valued at $110,965,000 after acquiring an additional 59,033 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Trading Up 0.9 %

Shares of NYSE:CLH traded up $2.41 during midday trading on Friday, hitting $260.09. The company had a trading volume of 186,431 shares, compared to its average volume of 296,573. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 33.87 and a beta of 1.20. The firm has a fifty day simple moving average of $251.34 and a 200 day simple moving average of $236.58.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The firm's revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares of the company's stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock worth $4,576,829 in the last three months. Insiders own 5.90% of the company's stock.

Analyst Ratings Changes

CLH has been the topic of a number of analyst reports. Oppenheimer upped their price target on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. 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 lowered their price target 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. StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Robert W. Baird cut their price objective on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Clean Harbors presently has a consensus 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.