Natixis Advisors LLC Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Natixis Advisors LLC increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,993 shares of the business services provider’s stock after purchasing an additional 2,116 shares during the period. Natixis Advisors LLC owned 0.16% of Clean Harbors worth $21,028,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the 2nd quarter valued at about $56,000. CENTRAL TRUST Co raised its stake in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Clean Harbors by 117.7% during the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after purchasing an additional 173 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CLH. Truist Financial increased their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised 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. Robert W. Baird cut their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC lowered their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Stock Performance

Shares of CLH stock opened at $243.58 on Tuesday. The company has a market capitalization of $13.13 billion, a P/E ratio of 31.72 and a beta of 1.20. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The business’s 50 day moving average is $249.19 and its two-hundred day moving average is $234.19. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. Analysts expect that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 55,657 shares in the company, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,586 shares of company stock valued at $4,351,841 over the last 90 days. Corporate 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.