Pitcairn Co. Sells 546 Shares of Clean Harbors, Inc. (NYSE:CLH)

Pitcairn Co. decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 15.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,023 shares of the business services provider’s stock after selling 546 shares during the period. Pitcairn Co.’s holdings in Clean Harbors were worth $731,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Swedbank AB boosted its holdings in Clean Harbors by 83.3% during the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares in the last quarter. Bridges Investment Management Inc. bought a new position in shares of Clean Harbors in the 2nd quarter valued at about $729,000. Advisor Resource Council bought a new position in shares of Clean Harbors in the 3rd quarter valued at about $926,000. Finally, Northcape Capital Pty Ltd acquired a new stake in shares of Clean Harbors in the third quarter valued at about $2,324,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now directly owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,586 shares of company stock valued at $4,351,841. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Up 1.0 %

Shares of CLH opened at $252.50 on Monday. The firm’s 50-day simple moving average is $249.86 and its 200 day simple moving average is $235.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The firm has a market cap of $13.61 billion, a P/E ratio of 32.88 and a beta of 1.20. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Needham & Company LLC decreased their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group raised 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. Oppenheimer lifted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Truist Financial boosted 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. Finally, Robert W. Baird reduced their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus target price of $254.33.

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.