Mountain Pacific Investment Advisers LLC Purchases 4,240 Shares of Clean Harbors, Inc. (NYSE:CLH)

Mountain Pacific Investment Advisers LLC increased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,039 shares of the business services provider’s stock after acquiring an additional 4,240 shares during the period. Clean Harbors comprises approximately 1.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 26th biggest holding. Mountain Pacific Investment Advisers LLC owned about 0.18% of Clean Harbors worth $22,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CLH. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares during the last quarter. FMR LLC increased its holdings in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after buying an additional 187,140 shares during the last quarter. Wellington Management Group LLP raised its position in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after acquiring an additional 100,394 shares during the period. Marshall Wace LLP boosted its stake in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Clean Harbors during the 3rd quarter valued at approximately $17,258,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 610 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

NYSE CLH opened at $241.80 on Tuesday. The company’s 50 day simple moving average is $242.05 and its two-hundred day simple moving average is $241.40. The stock has a market capitalization of $13.03 billion, a PE ratio of 31.48 and a beta of 1.24. 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 $163.72 and a 1 year high of $267.11.

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

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research reports. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price target 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 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 MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $269.44.

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.