Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Settian Capital LP

Settian Capital LP raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 22.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 11,000 shares of the business services provider’s stock after buying an additional 2,000 shares during the period. Clean Harbors comprises about 1.9% of Settian Capital LP’s portfolio, making the stock its 17th largest holding. Settian Capital LP’s holdings in Clean Harbors were worth $2,659,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB boosted its holdings in Clean Harbors by 83.3% during the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after buying an additional 50,000 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after acquiring an additional 18,058 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in shares of Clean Harbors during the 2nd quarter valued at about $729,000. Advisor Resource Council acquired a new stake in shares of Clean Harbors during the 3rd quarter valued at about $926,000. Finally, Northcape Capital Pty Ltd acquired a new position in Clean Harbors in the 3rd quarter worth about $2,324,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $259.18 on Tuesday. The company’s 50-day moving average is $250.15 and its two-hundred day moving average is $235.60. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 33.75 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11.

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

Analysts Set New Price Targets

Several brokerages have commented on CLH. Truist Financial raised their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird cut their price target 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. Oppenheimer lifted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC lowered their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One investment 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 company’s stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $254.33.

Insider Buying and Selling

In related news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This represents a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,586 shares of company stock valued at $4,351,841. 5.90% of the stock is currently owned by insiders.

Clean Harbors 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.