Settian Capital LP Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Settian Capital LP lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 22.2% in the third quarter, HoldingsChannel reports. The firm owned 11,000 shares of the business services provider’s stock after acquiring an additional 2,000 shares during the quarter. Clean Harbors makes up about 1.9% of Settian Capital LP’s investment portfolio, making the stock its 17th biggest position. Settian Capital LP’s holdings in Clean Harbors were worth $2,659,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Clean Harbors in the second quarter valued at $25,000. UMB Bank n.a. raised its position in Clean Harbors by 63.4% in 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 position in Clean Harbors during the 2nd quarter worth $56,000. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the third quarter valued at $56,000. Finally, CENTRAL TRUST Co raised its holdings 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 buying an additional 160 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CLH. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC lowered their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. 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, Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $254.33.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 11.48 % 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 the firm’s stock in a transaction 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 owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

NYSE CLH opened at $259.18 on Tuesday. The business has a 50 day moving average price of $250.15 and a 200 day moving average price of $235.60. The company has a market capitalization of $13.97 billion, a P/E ratio of 33.75 and a beta of 1.20. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. 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 (NYSE:CLH) last released 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). 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 prior year, the firm earned $1.68 earnings per share. Clean Harbors’s quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Clean Harbors, Inc. will post 7.21 EPS 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.