Intrust Bank NA Increases Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Intrust Bank NA increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,904 shares of the business services provider’s stock after acquiring an additional 128 shares during the period. Intrust Bank NA’s holdings in Clean Harbors were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CLH. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. raised its position in 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 purchasing an additional 205 shares in the last quarter. UMB Bank n.a. lifted its stake in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Down 1.1 %

NYSE:CLH opened at $197.24 on Friday. 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, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The company has a 50-day moving average price of $216.86 and a 200-day moving average price of $235.40. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its quarterly 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. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $1.82 EPS. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

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

Wall Street Analyst Weigh In

CLH has been the subject of a number of recent research reports. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, Truist Financial dropped their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $266.56.

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.