Natixis Advisors LLC Grows Stake in Clean Harbors, Inc. $CLH

Natixis Advisors LLC boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,449 shares of the business services provider’s stock after purchasing an additional 16,224 shares during the quarter. Natixis Advisors LLC owned about 0.27% of Clean Harbors worth $34,008,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Clean Harbors in the second quarter valued at $147,632,000. Nordea Investment Management AB purchased a new stake in Clean Harbors during the third quarter valued at $108,608,000. Westfield Capital Management Co. LP purchased a new stake in Clean Harbors during the second quarter valued at $44,446,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Clean Harbors during the third quarter valued at $28,925,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Clean Harbors by 41.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 362,730 shares of the business services provider’s stock worth $84,233,000 after buying an additional 107,150 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John R. Welch sold 750 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $273.07, for a total value of $204,802.50. Following the completion of the sale, the director owned 10,237 shares in the company, valued at approximately $2,795,417.59. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,679 shares of company stock worth $2,132,403 over the last three months. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CLH has been the topic of a number of research reports. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Truist Financial lifted their price target on Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Barclays boosted their price objective on Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Wells Fargo & Company upped their price objective on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $292.18.

Clean Harbors Price Performance

Clean Harbors stock opened at $286.43 on Wednesday. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $298.12. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average price of $267.28 and a 200-day moving average price of $243.96. The firm has a market capitalization of $15.16 billion, a PE ratio of 39.35 and a beta of 0.93.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $1.55 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.