Nomura Holdings Inc. Purchases New Stake in Clean Harbors, Inc. (NYSE:CLH)

Nomura Holdings Inc. acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,723 shares of the business services provider’s stock, valued at approximately $1,547,000.

Several other hedge funds also recently added to or reduced their stakes in CLH. Barclays PLC grew its position 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 acquiring an additional 8,639 shares during the period. Assenagon Asset Management S.A. purchased a new position in Clean Harbors in the fourth quarter worth approximately $8,100,000. Avanza Fonder AB purchased a new position in Clean Harbors in the fourth quarter worth approximately $191,000. UMB Bank n.a. grew its position in Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after acquiring an additional 66 shares during the period. Finally, Mountain Pacific Investment Advisers LLC boosted its position in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after buying an additional 4,240 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 1.3%

NYSE:CLH opened at $232.70 on Friday. The firm has a market cap of $12.47 billion, a PE ratio of 31.36 and a beta of 1.19. The stock has a fifty day moving average price of $206.23 and a 200 day moving average price of $225.32. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $2,726,719.22. This represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CLH shares. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets lowered their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price target 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. Finally, Needham & Company LLC lowered their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $257.67.

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.