2,029 Shares in Clean Harbors, Inc. (NYSE:CLH) Acquired by Custom Index Systems LLC

Custom Index Systems LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,029 shares of the business services provider’s stock, valued at approximately $490,000.

A number of other hedge funds have also recently added to or reduced their stakes in CLH. Innealta Capital LLC acquired a new stake in shares of Clean Harbors in the 2nd quarter worth about $25,000. UMB Bank n.a. raised its stake 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 worth $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the second quarter valued at approximately $56,000. CENTRAL TRUST Co boosted its position in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Clean Harbors by 117.7% during the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLH. Robert W. Baird lifted their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial increased their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus price target of $250.89.

Insider Activity

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock valued at $2,613,132 over the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock traded down $1.62 during trading on Friday, hitting $253.87. The stock had a trading volume of 190,486 shares, compared to its average volume of 285,690. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average is $246.21 and its two-hundred day moving average is $227.88. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $261.81. The stock has a market cap of $13.69 billion, a price-to-earnings ratio of 36.74 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current 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.