KBC Group NV Purchases 72 Shares of Clean Harbors, Inc. (NYSE:CLH)

KBC Group NV increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,061 shares of the business services provider’s stock after purchasing an additional 72 shares during the quarter. KBC Group NV’s holdings in Clean Harbors were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Deutsche Bank AG raised its holdings in Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after acquiring an additional 56 shares during the period. Blue Trust Inc. raised its holdings in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 56 shares during the period. Scotia Capital Inc. raised its holdings in Clean Harbors by 0.4% during the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after acquiring an additional 59 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Clean Harbors by 25.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 62 shares during the period. Finally, Pitcairn Co. grew its position in shares of Clean Harbors by 2.2% during the 4th quarter. Pitcairn Co. now owns 3,090 shares of the business services provider’s stock valued at $711,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

CLH stock opened at $234.15 on Friday. The stock has a market capitalization of $12.55 billion, a PE ratio of 32.43 and a beta of 1.16. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The stock’s 50 day simple moving average is $226.66 and its 200 day simple moving average is $220.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Needham & Company LLC lowered their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $257.67.

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the sale, the insider owned 16,310 shares of the company’s stock, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John R. Welch sold 1,250 shares of Clean Harbors stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the sale, the director directly owned 11,402 shares of the company’s stock, valued at approximately $2,605,471.02. This trade represents a 9.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock worth $3,416,406 in the last 90 days. Insiders own 5.60% of the company’s stock.

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.