Thrivent Financial for Lutherans Sells 12,436 Shares of Clean Harbors, Inc. $CLH

Thrivent Financial for Lutherans trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,090 shares of the business services provider’s stock after selling 12,436 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Clean Harbors were worth $12,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Root Financial Partners LLC purchased a new position in shares of Clean Harbors during the third quarter worth about $30,000. V Square Quantitative Management LLC purchased a new stake in Clean Harbors in the fourth quarter valued at approximately $34,000. True Wealth Design LLC lifted its position in Clean Harbors by 102.7% during the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 77 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Clean Harbors by 58.5% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the business services provider’s stock worth $51,000 after buying an additional 83 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Clean Harbors by 49.4% in the 3rd quarter. Versant Capital Management Inc now owns 236 shares of the business services provider’s stock worth $55,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $301.36 on Tuesday. The company’s fifty day simple moving average is $295.72 and its two-hundred day simple moving average is $263.60. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The firm has a market cap of $15.93 billion, a PE ratio of 40.83 and a beta of 0.92. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CLH shares. Raymond James Financial reissued a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd. Barclays lifted their price target on Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Truist Financial upped their price objective on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, April 20th. BMO Capital Markets increased their price objective on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Needham & Company LLC raised their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $322.08.

Insider Buying and Selling at Clean Harbors

In related news, Director Marcy L. Reed sold 836 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the transaction, the director directly owned 5,081 shares in the company, valued at $1,463,023.14. This trade represents a 14.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of Clean Harbors stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,597 shares of company stock valued at $3,895,286. Company insiders own 5.00% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.