Northcape Capital Pty Ltd Buys 768 Shares of Clean Harbors, Inc. (NYSE:CLH)

Northcape Capital Pty Ltd boosted its stake in Clean Harbors, Inc. (NYSE:CLH) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,381 shares of the business services provider’s stock after acquiring an additional 768 shares during the period. Clean Harbors accounts for 0.4% of Northcape Capital Pty Ltd’s portfolio, making the stock its 16th biggest position. Northcape Capital Pty Ltd’s holdings in Clean Harbors were worth $2,389,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. increased its stake in Clean Harbors by 63.4% in 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 in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Clean Harbors in the second quarter valued at about $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the 3rd quarter worth $56,000. CENTRAL TRUST Co raised its position in shares of 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 purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CLH. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer lifted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $271.00.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now directly 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 legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,446 shares of company stock worth $2,119,483. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $228.55 on Wednesday. Clean Harbors, Inc. has a 12 month low of $162.36 and a 12 month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $12.32 billion, a P/E ratio of 29.76 and a beta of 1.24. The stock’s fifty day moving average price is $244.20 and its 200-day moving average price is $240.80.

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

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.