Northwest & Ethical Investments L.P. Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Northwest & Ethical Investments L.P. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 1,213.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,867 shares of the business services provider’s stock after purchasing an additional 8,192 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Clean Harbors were worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Clean Harbors by 61.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,611 shares of the business services provider’s stock valued at $22,143,000 after purchasing an additional 34,764 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Clean Harbors in the third quarter valued at $1,063,000. Cynosure Group LLC purchased a new position in shares of Clean Harbors in the third quarter valued at $354,000. Settian Capital LP grew its holdings in shares of Clean Harbors by 22.2% in the third quarter. Settian Capital LP now owns 11,000 shares of the business services provider’s stock valued at $2,659,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Clean Harbors in the third quarter valued at $2,192,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 1.0 %

NYSE:CLH opened at $260.19 on Friday. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 33.88 and a beta of 1.20. The stock has a fifty day simple moving average of $251.08 and a 200-day simple moving average of $236.24. 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 earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Analyst Ratings Changes

CLH has been the subject of a number of recent research reports. Truist Financial raised 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. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer raised their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird lowered their price target 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. Finally, Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $254.33.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is currently owned by insiders.

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.