Franklin Resources Inc. Has $53.31 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Franklin Resources Inc. grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 24.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,295 shares of the business services provider’s stock after acquiring an additional 39,976 shares during the quarter. Franklin Resources Inc. owned 0.38% of Clean Harbors worth $53,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tidal Investments LLC grew its position in Clean Harbors by 30.2% during the third quarter. Tidal Investments LLC now owns 16,635 shares of the business services provider’s stock worth $4,021,000 after buying an additional 3,862 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $108,000. Sanctuary Advisors LLC grew its holdings in shares of Clean Harbors by 60.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,169 shares of the business services provider’s stock worth $548,000 after purchasing an additional 820 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Clean Harbors during the third quarter valued at approximately $343,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC decreased their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial raised their price target 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, Stifel Nicolaus upped their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average price target of $271.00.

Clean Harbors Stock Down 3.2 %

Shares of CLH opened at $239.45 on Wednesday. The company has a market capitalization of $12.91 billion, a P/E ratio of 31.18 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $161.39 and a one year high of $267.11. The business’s 50 day simple moving average is $252.10 and its 200-day simple moving average is $239.71. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $1.68 EPS. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at approximately $13,937,625.94. This trade represents a 9.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,446 shares of company stock worth $2,119,483. 5.90% of the stock is currently owned by corporate insiders.

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.