Clean Harbors, Inc. (NYSE:CLH) is Thematics Asset Management’s 9th Largest Position

Thematics Asset Management reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 179,524 shares of the business services provider’s stock after selling 19,000 shares during the period. Clean Harbors comprises about 1.8% of Thematics Asset Management’s portfolio, making the stock its 9th biggest holding. Thematics Asset Management’s holdings in Clean Harbors were worth $41,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Morse Asset Management Inc purchased a new position in shares of Clean Harbors in the 3rd quarter worth about $340,000. Barclays PLC boosted its stake in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after buying an additional 8,639 shares in the last quarter. Virtu Financial LLC bought a new position in Clean Harbors during the third quarter valued at approximately $343,000. Sanctuary Advisors LLC raised its stake in shares of Clean Harbors by 60.8% during the third quarter. Sanctuary Advisors LLC now owns 2,169 shares of the business services provider’s stock worth $548,000 after acquiring an additional 820 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $108,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 1.2 %

Shares of NYSE:CLH opened at $207.25 on Friday. The stock’s 50-day moving average is $203.26 and its 200 day moving average is $230.05. The company has a market cap of $11.23 billion, a PE ratio of 27.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of Clean Harbors stock in a transaction that occurred 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 directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CLH shares. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Truist Financial reduced their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.40.

About Clean Harbors

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.