Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,430 shares of the business services provider’s stock after purchasing an additional 2,841 shares during the period. Loomis Sayles & Co. L P owned about 0.24% of Clean Harbors worth $29,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. NEOS Investment Management LLC raised its holdings in shares of Clean Harbors by 22.8% during the fourth quarter. NEOS Investment Management LLC now owns 28,699 shares of the business services provider’s stock valued at $6,605,000 after acquiring an additional 5,329 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Clean Harbors by 3.4% in the 4th quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider’s stock valued at $44,697,000 after purchasing an additional 6,313 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in Clean Harbors in the 4th quarter valued at $901,000. Vanguard Group Inc. boosted its stake in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock worth $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Clean Harbors by 8.1% during the fourth quarter. LPL Financial LLC now owns 59,639 shares of the business services provider’s stock worth $13,725,000 after buying an additional 4,483 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Oppenheimer dropped their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Robert W. Baird reduced their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial dropped their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. One 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 a consensus rating of “Buy” and an average target price of $266.56.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock worth $663,041 over the last three months. Company insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $199.57 on Friday. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The business’s fifty day simple moving average is $217.75 and its 200-day simple moving average is $235.69. The firm has a market cap of $10.75 billion, a PE ratio of 26.90 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current 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.