Natixis Advisors LLC Sells 8,734 Shares of Clean Harbors, Inc. (NYSE:CLH)

Natixis Advisors LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 10.0% in the 4th quarter, Holdings Channel reports. The firm owned 78,259 shares of the business services provider’s stock after selling 8,734 shares during the quarter. Natixis Advisors LLC’s holdings in Clean Harbors were worth $18,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reliant Investment Management LLC bought a new position in Clean Harbors in the fourth quarter worth $4,386,000. Fiduciary Alliance LLC bought a new position in Clean Harbors in the fourth quarter worth $846,000. Mountain Pacific Investment Advisers LLC lifted its position in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC lifted its position in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. bought a new position in shares of Clean Harbors during the third quarter valued at $1,692,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 0.6 %

Shares of NYSE CLH opened at $194.99 on Wednesday. The firm’s 50-day simple moving average is $222.52 and its 200 day simple moving average is $237.58. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 26.28 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. On average, research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Truist Financial reduced their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $270.56.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by insiders.

About Clean Harbors

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.