Perpetual Ltd Has $10.86 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Perpetual Ltd boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,178 shares of the business services provider’s stock after purchasing an additional 505 shares during the quarter. Perpetual Ltd owned 0.09% of Clean Harbors worth $10,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV lifted its position in shares of Clean Harbors by 19.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 1,467 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in Clean Harbors by 911.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 516 shares of the business services provider’s stock worth $117,000 after purchasing an additional 465 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Clean Harbors during the second quarter worth $317,000. Pacer Advisors Inc. increased its holdings in Clean Harbors by 3.6% in the 2nd quarter. Pacer Advisors Inc. now owns 9,395 shares of the business services provider’s stock valued at $2,125,000 after buying an additional 330 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Clean Harbors by 409.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 64,164 shares of the business services provider’s stock valued at $14,511,000 after buying an additional 51,559 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 2.2 %

Shares of CLH opened at $246.36 on Wednesday. The business’s fifty day moving average price is $241.76 and its two-hundred day moving average price is $241.56. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 32.08 and a beta of 1.24. Clean Harbors, Inc. has a 52 week low of $167.28 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

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

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock valued at $2,112,800 over the last three months. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLH. Stifel Nicolaus upped their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, January 16th. Truist Financial raised their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One 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 presently has an average rating of “Buy” and a consensus price target of $269.44.

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.