Allspring Global Investments Holdings LLC Reduces Position in Clean Harbors, Inc. (NYSE:CLH)

Allspring Global Investments Holdings LLC lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,598 shares of the business services provider’s stock after selling 1,855 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Clean Harbors were worth $21,898,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Clean Harbors during the 2nd quarter worth approximately $25,000. UMB Bank n.a. grew its stake in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Clean Harbors during the 2nd quarter worth approximately $56,000. Blue Trust Inc. grew its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after buying an additional 173 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Clean Harbors by 141.0% during the 2nd quarter. GAMMA Investing LLC now owns 417 shares of the business services provider’s stock worth $94,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.5 %

Clean Harbors stock opened at $255.49 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a market cap of $13.78 billion, a PE ratio of 36.97 and a beta of 1.20. The stock’s 50 day moving average price is $245.86 and its 200 day moving average price is $227.35.

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

Insider Activity at Clean Harbors

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 transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Clean Harbors news, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CLH. 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 note on Thursday, August 1st. Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday. Needham & Company LLC boosted their target price on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” 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 report on Thursday, August 1st. Finally, StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $250.89.

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.