Tema Etfs LLC Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Tema Etfs LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 28,699 shares of the business services provider's stock, valued at approximately $6,605,000. Clean Harbors makes up approximately 2.7% of Tema Etfs LLC's holdings, making the stock its 4th biggest position. Tema Etfs LLC owned 0.05% of Clean Harbors at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the period. Select Equity Group L.P. raised its position in shares of Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after acquiring an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors by 72.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.4%

CLH stock traded down $0.94 during midday trading on Friday, reaching $226.78. The company's stock had a trading volume of 75,843 shares, compared to its average volume of 348,753. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 30.51 and a beta of 1.19. The stock has a fifty day simple moving average of $209.23 and a two-hundred day simple moving average of $225.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Clean Harbors's revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on CLH shares. Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped 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. UBS Group cut their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Needham & Company LLC lowered their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas acquired 1,050 shares of the business's stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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.