Pitcairn Co. Has $731,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Pitcairn Co. lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC boosted its holdings in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. acquired a new position in shares of Clean Harbors during the 2nd quarter worth about $42,968,000. Marshall Wace LLP boosted its stake in Clean Harbors by 20.3% during the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after purchasing an additional 90,756 shares during the period. Janus Henderson Group PLC grew its holdings in Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after buying an additional 78,848 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after buying an additional 63,800 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Truist Financial upped their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $254.33.

Insider Activity

In related news, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Trading Up 1.0 %

Shares of Clean Harbors stock opened at $252.50 on Monday. The stock has a market capitalization of $13.61 billion, a P/E ratio of 32.88 and a beta of 1.20. The company has a 50-day simple moving average of $249.86 and a 200 day simple moving average of $235.27. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal 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.