Covea Finance Has $1.75 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Covea Finance boosted its position in Clean Harbors, Inc. (NYSE:CLHFree Report) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,000 shares of the business services provider’s stock after buying an additional 3,000 shares during the quarter. Covea Finance’s holdings in Clean Harbors were worth $1,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Select Equity Group L.P. acquired a new position in shares of Clean Harbors during the 1st quarter worth approximately $114,248,000. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 988.8% during the 2nd quarter. Clearbridge Investments LLC now owns 705,240 shares of the business services provider’s stock worth $115,963,000 after purchasing an additional 640,467 shares during the last quarter. Norges Bank acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $66,014,000. Deutsche Bank AG increased its position in shares of Clean Harbors by 3,711.0% during the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after purchasing an additional 270,009 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Clean Harbors during the 2nd quarter worth approximately $43,440,000. Institutional investors and hedge funds own 90.99% of the company’s stock.

Clean Harbors Stock Down 0.3 %

NYSE:CLH traded down $0.54 during trading hours on Friday, reaching $188.02. The company’s stock had a trading volume of 640,774 shares, compared to its average volume of 341,494. The stock has a 50 day moving average price of $177.27 and a two-hundred day moving average price of $169.64. The company has a market capitalization of $10.14 billion, a P/E ratio of 27.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. Clean Harbors, Inc. has a 12 month low of $129.70 and a 12 month high of $193.03.

Clean Harbors (NYSE:CLHGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Equities analysts predict that Clean Harbors, Inc. will post 7.41 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Clean Harbors news, insider Alan S. Mckim sold 17,453 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $178.37, for a total transaction of $3,113,091.61. Following the completion of the transaction, the insider now directly owns 2,672,211 shares of the company’s stock, valued at approximately $476,642,276.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent research reports. Truist Financial increased their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Oppenheimer raised their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company started coverage on Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 price objective on the stock. Needham & Company LLC boosted their price objective on Clean Harbors from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their target price on Clean Harbors from $180.00 to $206.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $193.50.

Check Out Our Latest Analysis on Clean Harbors

Clean Harbors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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