Clean Harbors, Inc. (NYSE:CLH) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 534.8% during the third quarter, Holdings Channel.com reports. The firm owned 1,460 shares of the business services provider’s stock after buying an additional 1,230 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Clean Harbors were worth $353,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Clean Harbors in the second quarter worth approximately $25,000. UMB Bank n.a. lifted its holdings 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 valued at $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. bought a new position in Clean Harbors during the second quarter valued at about $56,000. Prospera Private Wealth LLC acquired a new position in Clean Harbors during the third quarter worth about $56,000. Finally, CENTRAL TRUST Co raised its position in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,138 shares of company stock valued at $2,044,005. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research 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. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average target price of $271.00.

Clean Harbors Stock Performance

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. Clean Harbors, Inc. has a 1-year low of $161.39 and a 1-year high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock’s fifty day simple moving average is $252.32 and its 200-day simple moving average is $239.32.

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