Atria Investments Inc Reduces Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Atria Investments Inc decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 27.1% during the third quarter, HoldingsChannel.com reports. The firm owned 20,443 shares of the business services provider’s stock after selling 7,614 shares during the quarter. Atria Investments Inc’s holdings in Clean Harbors were worth $4,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swedbank AB increased its stake in Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after buying an additional 50,000 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Clean Harbors during the first quarter valued at approximately $828,000. Driehaus Capital Management LLC boosted its holdings in shares of Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after purchasing an additional 18,058 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Clean Harbors by 25.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after purchasing an additional 4,554 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in Clean Harbors during the 2nd quarter worth $729,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

NYSE CLH opened at $260.78 on Wednesday. The firm’s fifty day simple moving average is $247.99 and its two-hundred day simple moving average is $232.71. The firm has a market capitalization of $14.06 billion, a P/E ratio of 33.96 and a beta of 1.20. 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, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last announced 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 analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,227 shares of company stock worth $2,759,617 over the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CLH. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One 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 company. According to data from MarketBeat, Clean Harbors currently has an average 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.