Thematics Asset Management Has $47.99 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Thematics Asset Management decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 198,524 shares of the business services provider’s stock after selling 17,250 shares during the period. Clean Harbors makes up about 1.9% of Thematics Asset Management’s portfolio, making the stock its 8th biggest position. Thematics Asset Management owned about 0.37% of Clean Harbors worth $47,985,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter worth approximately $25,000. UMB Bank n.a. increased its holdings in shares of Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the second quarter worth $56,000. Prospera Private Wealth LLC acquired a new stake in shares of Clean Harbors during the 3rd quarter valued at $56,000. Finally, CENTRAL TRUST Co grew its position in 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 during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were 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 approximately $3,284,963.22. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,586 shares of company stock worth $4,351,841 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 0.3 %

Shares of NYSE:CLH traded up $0.87 during trading on Tuesday, reaching $259.87. The stock had a trading volume of 18,087 shares, compared to its average volume of 295,923. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The firm’s fifty day moving average is $250.15 and its 200 day moving average is $235.60. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 33.75 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company posted $1.68 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLH shares. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Truist Financial boosted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $254.33.

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.