Northcape Capital Pty Ltd Buys Shares of 9,613 Clean Harbors, Inc. (NYSE:CLH)

Northcape Capital Pty Ltd purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,613 shares of the business services provider’s stock, valued at approximately $2,324,000. Clean Harbors makes up approximately 0.3% of Northcape Capital Pty Ltd’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in Clean Harbors during the fourth quarter worth $412,000. Creekmur Asset Management LLC purchased a new stake in shares of Clean Harbors in the fourth quarter valued at about $50,000. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. Kapitalo Investimentos Ltda raised its position in shares of Clean Harbors by 89.8% during the 4th quarter. Kapitalo Investimentos Ltda now owns 1,359 shares of the business services provider’s stock worth $237,000 after purchasing an additional 643 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.6 %

NYSE:CLH traded up $4.19 during trading hours on Friday, reaching $258.55. 189,919 shares of the company were exchanged, compared to its average volume of 291,344. The firm has a market cap of $13.94 billion, a price-to-earnings ratio of 37.42 and a beta of 1.20. The stock has a 50 day simple moving average of $241.40 and a 200 day simple moving average of $223.85. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $258.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company posted $2.13 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CLH shares. Robert W. Baird raised their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Truist Financial lifted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Needham & Company LLC upped their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors 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.