Lebenthal Global Advisors LLC Buys Shares of 1,048 Clean Harbors, Inc. (NYSE:CLH)

by · The Cerbat Gem

Lebenthal Global Advisors LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,048 shares of the business services provider’s stock, valued at approximately $253,000.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in Clean Harbors during the 2nd quarter valued at $25,000. UMB Bank n.a. boosted its stake in Clean Harbors by 63.4% during 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 last quarter. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors during the 2nd quarter valued at $56,000. CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% during the 3rd 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 last quarter. Finally, Blue Trust Inc. boosted its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 173 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $232.99 on Friday. Clean Harbors, Inc. has a one year low of $146.66 and a one year high of $267.11. The stock’s fifty day moving average is $246.34 and its 200 day moving average is $229.26. The stock has a market cap of $12.58 billion, a P/E ratio of 30.34 and a beta of 1.20. 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 (NYSE:CLH – Get Free Report) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLH has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $254.33.

Check Out Our Latest Stock Report on Clean Harbors

Insider Buying and Selling at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock valued at $2,613,132 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

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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