Natixis Advisors LLC Buys 16,224 Shares of Clean Harbors, Inc. $CLH

Natixis Advisors LLC increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,449 shares of the business services provider’s stock after buying an additional 16,224 shares during the period. Natixis Advisors LLC’s holdings in Clean Harbors were worth $34,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its position in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after purchasing an additional 5,884 shares during the period. Assetmark Inc. grew its stake in Clean Harbors by 41.1% in the second quarter. Assetmark Inc. now owns 292 shares of the business services provider’s stock worth $68,000 after purchasing an additional 85 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in Clean Harbors during the 2nd quarter worth $214,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.2%

Clean Harbors stock opened at $286.43 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The firm has a market cap of $15.16 billion, a P/E ratio of 39.35 and a beta of 0.93. The business has a fifty day moving average of $267.28 and a two-hundred day moving average of $243.96. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $298.12.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Truist Financial increased their price target on Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Finally, BMO Capital Markets increased their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $292.18.

Insider Buying and Selling

In other Clean Harbors news, Director John R. Welch sold 750 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $273.07, for a total transaction of $204,802.50. Following the completion of the sale, the director directly owned 10,237 shares of the company’s stock, valued at approximately $2,795,417.59. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the sale, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,679 shares of company stock worth $2,132,403 in the last three months. 5.60% of the stock is owned by company insiders.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.