Bank of Montreal Can Buys 781 Shares of Clean Harbors, Inc. (NYSE:CLH)

Bank of Montreal Can grew its stake in Clean Harbors, Inc. (NYSE:CLH) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,410 shares of the business services provider’s stock after purchasing an additional 781 shares during the quarter. Bank of Montreal Can owned about 0.08% of Clean Harbors worth $9,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Bell Asset Management Ltd bought a new position in Clean Harbors in the fourth quarter worth about $6,103,000. Federated Hermes Inc. grew its holdings in shares of Clean Harbors by 10.2% during the 4th quarter. Federated Hermes Inc. now owns 454,929 shares of the business services provider’s stock worth $104,697,000 after acquiring an additional 42,044 shares during the period. Oribel Capital Management LP raised its position in shares of Clean Harbors by 70.7% in the 4th quarter. Oribel Capital Management LP now owns 72,900 shares of the business services provider’s stock worth $16,777,000 after acquiring an additional 30,200 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Clean Harbors by 267.1% in the 4th quarter. Russell Investments Group Ltd. now owns 16,220 shares of the business services provider’s stock valued at $3,733,000 after purchasing an additional 11,801 shares during the period. Finally, Uniting Wealth Partners LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $978,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last three months. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent research reports. The Goldman Sachs Group lowered their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus lowered their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Robert W. Baird cut their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, UBS Group dropped their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.40.

Clean Harbors Stock Up 3.2 %

Clean Harbors stock opened at $200.20 on Monday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a fifty day simple moving average of $206.23 and a two-hundred day simple moving average of $231.21. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 26.98 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.