Thrivent Financial for Lutherans Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Thrivent Financial for Lutherans raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,765 shares of the business services provider’s stock after purchasing an additional 12,962 shares during the period. Thrivent Financial for Lutherans’ holdings in Clean Harbors were worth $20,428,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ raised its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP raised its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. grew its stake in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter valued at about $56,000. Finally, UMB Bank n.a. grew its stake in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Stifel Nicolaus reduced their price objective 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. BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $266.56.

Clean Harbors Stock Up 0.8 %

NYSE CLH opened at $198.26 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market capitalization of $10.68 billion, a PE ratio of 26.72 and a beta of 1.22. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The business’s 50-day moving average is $221.23 and its 200 day moving average is $237.02.

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, topping the consensus estimate of $1.36 by $0.19. The company 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%. Clean Harbors’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current 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.