Tidal Investments LLC Buys 3,862 Shares of Clean Harbors, Inc. (NYSE:CLH)

Tidal Investments LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 30.2% during the 3rd quarter, Holdings Channel reports. The fund owned 16,635 shares of the business services provider’s stock after acquiring an additional 3,862 shares during the period. Tidal Investments LLC’s holdings in Clean Harbors were worth $4,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC grew its position in shares of Clean Harbors by 30.6% in the second 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. Lazard Freres Gestion S.A.S. acquired a new position in Clean Harbors in the 2nd quarter valued at $42,968,000. FMR LLC increased its position in Clean Harbors by 12.0% during the 3rd 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 period. Wellington Management Group LLP lifted its holdings in shares of Clean Harbors by 3.0% during 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 buying an additional 100,394 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of 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 period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH stock opened at $244.28 on Friday. Clean Harbors, Inc. has a twelve month low of $161.39 and a twelve month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The business has a fifty day simple moving average of $252.32 and a 200 day simple moving average of $239.13. The company has a market cap of $13.17 billion, a P/E ratio of 31.81 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly 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 company 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%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,447 shares of company stock valued at $4,576,829. 5.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CLH has been the topic of a number of recent research reports. Robert W. Baird dropped their price objective 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. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC lowered their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $271.00.

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.