BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 382 Shares of Clean Harbors, Inc. (NYSE:CLH)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.0% in the third quarter, Holdings Channel reports. The fund owned 18,829 shares of the business services provider’s stock after selling 382 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Clean Harbors were worth $4,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its position in Clean Harbors by 30.6% during 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 purchasing an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. purchased a new stake in Clean Harbors during the 2nd quarter valued at $42,968,000. Marshall Wace LLP lifted its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after buying an additional 90,756 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after buying an additional 78,848 shares during the period. Finally, Handelsbanken Fonder AB increased its position in Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock valued at $137,974,000 after acquiring an additional 63,800 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Activity

In other news, insider Robert Speights sold 610 shares of the business’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 completion of the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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 in the company, valued at approximately $3,284,963.22. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Up 1.0 %

Shares of NYSE CLH opened at $252.50 on Monday. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The firm has a market cap of $13.61 billion, a PE ratio of 32.88 and a beta of 1.20. The business has a fifty day simple moving average of $249.86 and a two-hundred day simple moving average of $235.27. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data 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 net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $1.68 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CLH. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial upped their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.