Daiwa Securities Group Inc. Sells 442 Shares of Clean Harbors, Inc. (NYSE:CLH)

Daiwa Securities Group Inc. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,348 shares of the business services provider’s stock after selling 442 shares during the period. Daiwa Securities Group Inc.’s holdings in Clean Harbors were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CLH. Innealta Capital LLC bought a new position in Clean Harbors during the 2nd quarter worth $25,000. UMB Bank n.a. grew its stake in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Clean Harbors during the second quarter worth about $56,000. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the 3rd quarter worth about $56,000. Finally, CENTRAL TRUST Co boosted its holdings in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 in the last three months. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

Shares of CLH stock opened at $259.99 on Wednesday. The business has a fifty day simple moving average of $250.15 and a 200 day simple moving average of $235.60. The company has a market cap of $14.01 billion, a P/E ratio of 33.85 and a beta of 1.20. 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 twelve month low of $158.42 and a twelve month high of $267.11.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLH shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC dropped 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. One investment 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’s stock. Based on data from MarketBeat, the company currently has a consensus 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.