The Manufacturers Life Insurance Company Has $10.29 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

The Manufacturers Life Insurance Company cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,583 shares of the business services provider’s stock after selling 1,186 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Clean Harbors were worth $10,293,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter valued at $25,000. UMB Bank n.a. increased its position in shares of Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $56,000. Brown Brothers Harriman & Co. acquired a new position in Clean Harbors in the second quarter worth about $56,000. Finally, CENTRAL TRUST Co grew its position in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CLH. Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC cut their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Stock Up 0.4 %

Shares of CLH opened at $256.22 on Wednesday. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 33.36 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $161.39 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The business’s fifty day moving average price is $251.46 and its two-hundred day moving average price is $237.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,447 shares of company stock valued at $4,576,829 over the last ninety days. Insiders own 5.90% of the company’s stock.

About Clean Harbors

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.