Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,445 shares of the business services provider’s stock after purchasing an additional 16,089 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Clean Harbors were worth $12,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio lifted its position in shares of Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock worth $32,536,000 after buying an additional 10,527 shares during the last quarter. MJP Associates Inc. ADV lifted its holdings in Clean Harbors by 27.4% in the fourth quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider’s stock worth $715,000 after acquiring an additional 881 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Clean Harbors by 3,711.0% during the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after purchasing an additional 270,009 shares during the last quarter. Glenmede Trust Co. NA raised its position in shares of Clean Harbors by 521.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 55,630 shares of the business services provider’s stock worth $9,310,000 after purchasing an additional 46,678 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Clean Harbors by 50.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 84,226 shares of the business services provider’s stock worth $14,096,000 after purchasing an additional 28,255 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock valued at $4,819,554 in the last quarter. Insiders own 6.70% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $194.55 on Tuesday. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The firm has a market cap of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. The stock has a fifty day moving average price of $189.84 and a two-hundred day moving average price of $174.11. 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 (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Clean Harbors, Inc. will post 7.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer increased 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. Truist Financial increased their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets boosted their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus raised their price target on shares of Clean Harbors from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday. Finally, Needham & Company LLC boosted their price objective on Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average target price of $200.90.

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.