Bank of Montreal Can Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

Bank of Montreal Can raised its position in Clean Harbors, Inc. (NYSE:CLHFree Report) by 11.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,629 shares of the business services provider’s stock after purchasing an additional 4,060 shares during the period. Bank of Montreal Can’s holdings in Clean Harbors were worth $9,687,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of Clean Harbors during the second quarter valued at approximately $25,000. UMB Bank n.a. grew its stake in Clean Harbors by 63.4% in the 3rd 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. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at $56,000. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter worth $56,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $260.09 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The stock has a market cap of $14.02 billion, a PE ratio of 33.87 and a beta of 1.20. The stock has a fifty day moving average of $251.34 and a 200-day moving average of $236.74.

Clean Harbors (NYSE:CLHGet Free Report) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.68 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CLH shares. Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial raised their price target 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 dropped their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised their target price 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 cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $254.33.

Check Out Our Latest Stock Analysis on CLH

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 610 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,447 shares of company stock valued at $4,576,829. Company insiders own 5.90% of the company’s stock.

Clean Harbors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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