Thrivent Financial for Lutherans Acquires 11,639 Shares of Clean Harbors, Inc. (NYSE:CLH)

Thrivent Financial for Lutherans lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 18.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,803 shares of the business services provider's stock after purchasing an additional 11,639 shares during the quarter. Thrivent Financial for Lutherans owned about 0.14% of Clean Harbors worth $18,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its stake in shares of Clean Harbors by 30.6% in 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 buying an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in Clean Harbors in the 2nd quarter valued at about $42,968,000. Marshall Wace LLP lifted its position in Clean Harbors by 20.3% in the 2nd 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 in the last quarter. Janus Henderson Group PLC boosted its stake in Clean Harbors by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider's stock valued at $319,371,000 after purchasing an additional 78,848 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Clean Harbors by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock worth $137,974,000 after purchasing an additional 63,800 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 0.3 %

Clean Harbors stock opened at $247.59 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $13.35 billion, a P/E ratio of 32.24 and a beta of 1.20. The firm has a 50 day moving average price of $249.50 and a 200-day moving average price of $234.56. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the sale, the director now directly owns 12,842 shares of the company's stock, valued at approximately $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares of the company's stock, valued at approximately $13,937,625.94. This represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on CLH shares. StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their target price 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. 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. According to MarketBeat.com, Clean Harbors 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.