Wilmington Savings Fund Society FSB acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 445 shares of the business services provider’s stock, valued at approximately $108,000.
Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in shares of Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in Clean Harbors by 8.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after acquiring an additional 45 shares in the last quarter. Fifth Third Bancorp grew its holdings in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC increased its position in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 52 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 53 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Clean Harbors
In other news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This trade represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,446 shares of company stock worth $2,119,483. Company insiders own 5.90% of the company’s stock.
Clean Harbors Trading Down 0.6 %
Clean Harbors (NYSE:CLH – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company posted $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on CLH shares. 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. Truist Financial boosted 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 downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their target price on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $271.00.
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.
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