Commerce Bank Sells 65 Shares of Clean Harbors, Inc. (NYSE:CLH)

Commerce Bank decreased its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,422 shares of the business services provider’s stock after selling 65 shares during the period. Commerce Bank’s holdings in Clean Harbors were worth $585,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its holdings in shares of Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the period. Driehaus Capital Management LLC raised its stake in shares of Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after buying an additional 18,058 shares during the period. Bridges Investment Management Inc. purchased a new position in shares of Clean Harbors during the 2nd quarter valued at $729,000. Advisor Resource Council purchased a new position in shares of Clean Harbors during the 3rd quarter valued at $926,000. Finally, Northcape Capital Pty Ltd bought a new position in shares of Clean Harbors during the 3rd quarter worth $2,324,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Robert W. Baird dropped their price target 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 lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors Trading Up 2.6 %

Shares of CLH stock opened at $259.18 on Tuesday. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The business’s fifty day moving average is $250.15 and its 200 day moving average is $235.60. 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 company has a market capitalization of $13.97 billion, a PE ratio of 33.75 and a beta of 1.20.

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

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock valued at $4,351,841 in the last quarter. 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.