3,200 Shares in Clean Harbors, Inc. (NYSE:CLH) Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,200 shares of the business services provider’s stock, valued at approximately $736,000.

Several other large investors also recently made changes to their positions in CLH. Reliant Investment Management LLC bought a new stake in Clean Harbors during the fourth quarter worth approximately $4,386,000. Fiduciary Alliance LLC bought a new stake in shares of Clean Harbors during the 4th quarter worth $846,000. Mountain Pacific Investment Advisers LLC grew its holdings in shares of Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC raised its position in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. purchased a new stake in shares of Clean Harbors during the third quarter valued at $1,692,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $193.11 on Friday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $223.92 and a 200 day simple moving average of $238.30.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $1.82 EPS. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $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 sold 3,649 shares of company stock worth $738,519 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLH. BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors 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.