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

Natixis Advisors LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,993 shares of the business services provider’s stock after acquiring an additional 2,116 shares during the period. Natixis Advisors LLC’s holdings in Clean Harbors were worth $21,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after buying an additional 78,848 shares during the period. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock valued at $137,974,000 after buying an additional 63,800 shares during the period. 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 valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Clean Harbors by 13.7% during the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider’s stock worth $110,965,000 after buying an additional 59,033 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLH shares. The Goldman Sachs Group lifted their target price 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. Robert W. Baird dropped their price objective 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. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $254.33.

Insider Activity

In related news, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This represents a 2.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Price Performance

CLH stock opened at $243.58 on Tuesday. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The firm has a market capitalization of $13.13 billion, a P/E ratio of 31.72 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The business’s 50-day moving average is $249.19 and its two-hundred day moving average is $234.19.

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

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.