Hancock Whitney Corp Cuts Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Hancock Whitney Corp decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 0.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,421 shares of the business services provider’s stock after selling 99 shares during the quarter. Hancock Whitney Corp’s holdings in Clean Harbors were worth $11,462,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC lifted its holdings in Clean Harbors by 6.5% during the 3rd quarter. Truvestments Capital LLC now owns 3,831 shares of the business services provider’s stock worth $926,000 after buying an additional 233 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Clean Harbors during the third quarter worth $919,000. Algert Global LLC raised its stake in shares of Clean Harbors by 92.5% in the third quarter. Algert Global LLC now owns 45,959 shares of the business services provider’s stock valued at $11,109,000 after acquiring an additional 22,082 shares in the last quarter. Cerity Partners LLC boosted its holdings in Clean Harbors by 30.6% in the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider’s stock valued at $3,693,000 after purchasing an additional 3,580 shares during the period. Finally, Meridian Wealth Management LLC acquired a new position in Clean Harbors during the 3rd quarter worth $237,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLH. Needham & Company LLC reduced their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. 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. Robert W. Baird decreased their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Oppenheimer lifted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $254.33.

Clean Harbors Stock Up 0.2 %

Shares of NYSE:CLH opened at $253.04 on Monday. The company has a market cap of $13.64 billion, a price-to-earnings ratio of 32.88 and a beta of 1.20. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The firm’s 50-day simple moving average is $249.86 and its 200-day simple moving average is $235.27. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its earnings results 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 analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,586 shares of company stock valued at $4,351,841 over the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Company 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.