Clean Harbors, Inc. (NYSE:CLH) Stake Cut by MetLife Investment Management LLC

MetLife Investment Management LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,226 shares of the business services provider’s stock after selling 212 shares during the quarter. MetLife Investment Management LLC’s holdings in Clean Harbors were worth $6,339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Clean Harbors during the second quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors during the 2nd quarter valued at $56,000. Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the third quarter worth $56,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $260.09 on Friday. The company has a market cap of $14.02 billion, a P/E ratio of 33.87 and a beta of 1.20. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $251.34 and a 200 day simple moving average of $236.58.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock valued at $4,576,829 in the last 90 days. 5.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Truist Financial lifted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC dropped their price target 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, Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.