Intech Investment Management LLC Grows Position in Clean Harbors, Inc. (NYSE:CLH)

Intech Investment Management LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 43.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,056 shares of the business services provider’s stock after acquiring an additional 11,249 shares during the quarter. Intech Investment Management LLC owned 0.07% of Clean Harbors worth $8,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. KBC Group NV grew its stake in shares of Clean Harbors by 17.0% during the third quarter. KBC Group NV now owns 1,412 shares of the business services provider’s stock worth $341,000 after purchasing an additional 205 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Clean Harbors by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after acquiring an additional 53 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Clean Harbors by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 86,993 shares of the business services provider’s stock valued at $21,028,000 after acquiring an additional 2,116 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Clean Harbors by 18.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 75,803 shares of the business services provider’s stock worth $18,323,000 after acquiring an additional 11,639 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its stake in Clean Harbors by 1.3% during the third quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider’s stock worth $1,424,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $194.99 on Wednesday. The stock’s 50-day moving average price is $222.52 and its 200 day moving average price is $237.58. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $10.50 billion, a PE ratio of 26.28 and a beta of 1.22. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CLH has been the topic of several recent analyst reports. Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, BMO Capital Markets reduced their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and an average target price of $270.56.

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.