Leeward Investments LLC MA decreased its position in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,704 shares of the business services provider’s stock after selling 4,862 shares during the quarter. Clean Harbors makes up approximately 2.0% of Leeward Investments LLC MA’s portfolio, making the stock its 3rd largest holding. Leeward Investments LLC MA owned 0.25% of Clean Harbors worth $40,548,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of CLH. BlackRock Inc. bought a new position in Clean Harbors in the 2nd quarter worth $1,516,521,000. Jupiter Topco LLC acquired a new position in Clean Harbors during the 2nd quarter worth $477,570,000. Bessemer Group Inc. lifted its position in Clean Harbors by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after acquiring an additional 16,747 shares during the last quarter. First Trust Advisors LP boosted its holdings in Clean Harbors by 10.0% during the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after acquiring an additional 70,447 shares during the period. Finally, Bank of America Corp DE bought a new stake in Clean Harbors during the second quarter valued at about $142,801,000. Institutional investors own 90.43% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on CLH shares. William Blair downgraded Clean Harbors from an “outperform” rating to a “hold” rating in a research report on Wednesday. Barclays boosted their price objective on Clean Harbors from $325.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 8th. TD Cowen increased their target price on Clean Harbors from $380.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Wall Street Zen raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Robert W. Baird lifted their price target on Clean Harbors from $360.00 to $365.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $363.07.
Read Our Latest Stock Analysis on Clean Harbors
Clean Harbors Price Performance
Shares of Clean Harbors stock opened at $319.02 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The firm has a fifty day moving average price of $317.02 and a two-hundred day moving average price of $305.42. The company has a market cap of $16.84 billion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.36 EPS. Analysts expect that Clean Harbors, Inc. will post 9.94 EPS for the current year.
Insider Transactions at Clean Harbors
In related news, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by company insiders.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.
Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.
Read More
- Five stocks we like better than Clean Harbors
- Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real Story
- Albemarle Upgrade: Can Energy Storage Recharge Lithium’s Leader?
- Consumer Staples Are Up 12% This Year—These 3 Beverage Stocks Are Leading the Way
- Can Planet Fitness Get Its Growth Back in Shape?
Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.
