Hancock Whitney Corp Cuts Stake in Clean Harbors, Inc. (NYSE:CLH)

Hancock Whitney Corp lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 47,520 shares of the business services provider’s stock after selling 502 shares during the quarter. Hancock Whitney Corp’s holdings in Clean Harbors were worth $10,747,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Clean Harbors during the second quarter valued at about $25,000. Rise Advisors LLC bought a new stake in Clean Harbors in the first quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Clean Harbors in the fourth quarter worth approximately $50,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors in the second quarter worth $56,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Oppenheimer raised their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Truist Financial raised their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group increased their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Robert W. Baird boosted their target price on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC raised their price target on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $242.40.

Clean Harbors Trading Down 0.1 %

NYSE CLH opened at $247.10 on Friday. The firm has a market capitalization of $13.33 billion, a PE ratio of 35.76 and a beta of 1.20. The stock’s 50 day moving average is $236.37 and its 200 day moving average is $217.82. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $247.74. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 309 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

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.