Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Covea Finance

by · The Cerbat Gem

Covea Finance lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,300 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Covea Finance owned about 0.16% of Clean Harbors worth $20,376,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares during the period. Janus Henderson Group PLC increased its holdings in 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 worth $319,371,000 after buying an additional 78,848 shares during the period. Clearbridge Investments LLC boosted its position in Clean Harbors by 30.6% in 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 in the last quarter. Bessemer Group Inc. boosted its position in Clean Harbors by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position 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 worth $137,974,000 after purchasing an additional 63,800 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer increased their target price on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, 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 note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $242.40.

Get Our Latest Analysis on Clean Harbors

Clean Harbors Price Performance

NYSE:CLH traded up $4.19 during trading hours on Friday, hitting $258.55. The company’s stock had a trading volume of 189,919 shares, compared to its average volume of 291,344. The business’s 50-day moving average is $241.40 and its two-hundred day moving average is $223.68. The company has a market capitalization of $13.95 billion, a PE ratio of 35.71 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $258.58.

Clean Harbors (NYSE:CLH – Get Free Report) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. Clean Harbors’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

About Clean Harbors

(Free Report)

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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