Geode Capital Management LLC Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Geode Capital Management LLC increased its position in Clean Harbors, Inc. (NYSE:CLH) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 847,715 shares of the business services provider’s stock after purchasing an additional 11,808 shares during the period. Geode Capital Management LLC owned 1.57% of Clean Harbors worth $204,955,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CLH. Driehaus Capital Management LLC grew its holdings in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after purchasing an additional 18,058 shares during the period. Bridges Investment Management Inc. bought a new stake in Clean Harbors in the second quarter worth $729,000. Advisor Resource Council purchased a new stake in Clean Harbors during the 3rd quarter valued at about $926,000. Anthracite Investment Company Inc. bought a new stake in shares of Clean Harbors during the third quarter valued at approximately $1,692,000. Finally, Northcape Capital Pty Ltd bought a new stake in shares of Clean Harbors in the 3rd quarter worth $2,324,000. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,138 shares of company stock valued at $2,044,005. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Down 1.3 %

Shares of CLH stock opened at $244.28 on Monday. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 31.81 and a beta of 1.22. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company’s fifty day moving average price is $252.32 and its 200-day moving average price is $239.32. Clean Harbors, Inc. has a one year low of $161.39 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. Sell-side analysts expect that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC cut their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $271.00.

Clean Harbors 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.