Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Sycomore Asset Management

Sycomore Asset Management boosted its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,760 shares of the business services provider’s stock after acquiring an additional 825 shares during the period. Sycomore Asset Management’s holdings in Clean Harbors were worth $4,077,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter worth approximately $25,000. UMB Bank n.a. increased its position in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $56,000. CENTRAL TRUST Co boosted its stake in shares of Clean Harbors by 161.6% during the 3rd 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. Finally, Blue Trust Inc. boosted its stake in shares of Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CLH. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Trading Down 2.1 %

Shares of CLH stock traded down $5.41 on Thursday, reaching $253.68. 43,983 shares of the stock were exchanged, compared to its average volume of 296,839. The stock has a market cap of $13.67 billion, a P/E ratio of 33.74 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a 50 day moving average of $248.43 and a two-hundred day moving average of $232.89. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH) last announced 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter 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, research analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by company insiders.

Clean Harbors 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.