Truist Financial Corp Has $2.09 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Truist Financial Corp lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,996 shares of the business services provider’s stock after selling 365 shares during the period. Truist Financial Corp’s holdings in Clean Harbors were worth $2,093,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in shares of Clean Harbors by 3,711.0% during the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after buying an additional 270,009 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Clean Harbors by 61.6% during the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in Clean Harbors in the fourth quarter valued at $23,999,000. Sandler Capital Management raised its holdings in shares of Clean Harbors by 232.4% during the third quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock valued at $26,822,000 after purchasing an additional 112,047 shares during the period. Finally, FMR LLC boosted its position in shares of Clean Harbors by 5.6% during the 3rd quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after purchasing an additional 75,038 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock opened at $212.02 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. The firm has a 50-day moving average of $196.24 and a 200-day moving average of $178.63. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $215.70. The company has a market cap of $11.44 billion, a P/E ratio of 30.68 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CLH shares. Oppenheimer upped their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Truist Financial increased their target price on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. BMO Capital Markets lifted their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $216.40.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,385 shares of company stock valued at $6,113,742. 5.90% of the stock is owned by insiders.

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.