Chesapeake Capital Corp IL Grows Position in Clean Harbors, Inc. (NYSE:CLH)

Chesapeake Capital Corp IL boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,519 shares of the business services provider’s stock after purchasing an additional 566 shares during the period. Chesapeake Capital Corp IL’s holdings in Clean Harbors were worth $601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Clean Harbors during the second quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors in the second quarter valued at about $56,000. CENTRAL TRUST Co lifted its position in shares of Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Clean Harbors by 117.7% in the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 173 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC lowered their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Oppenheimer lifted their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $254.33.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,227 shares of company stock valued at $2,759,617 over the last ninety days. 5.90% of the stock is owned by insiders.

Clean Harbors Trading Down 1.3 %

Shares of CLH stock opened at $247.39 on Friday. The stock’s 50-day moving average price is $249.02 and its 200-day moving average price is $233.70. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 32.21 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

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.