Clean Harbors, Inc. $CLH Shares Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL boosted its stake in Clean Harbors by 86% in the third quarter, adding 29,176 shares to hold 63,104 shares (about $14.65M), and institutional investors now own roughly 90.43% of the stock.
• Quarterly results beat expectations—EPS $1.62 vs. $1.59 consensus and revenue $1.50B vs. $1.46B—while revenue rose 4.8% YoY and analysts' consensus target is about $299.27 with a "Moderate Buy" average rating.
• Insiders have been selling: the EVP and CFO recently sold shares (4,683 and 2,788 shares respectively), with insiders offloading 13,597 shares in the last three months and now owning 5.60% of the company.

Tudor Investment Corp ET AL lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 86.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,104 shares of the business services provider's stock after purchasing an additional 29,176 shares during the period. Tudor Investment Corp ET AL owned about 0.12% of Clean Harbors worth $14,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CLH. Integrated Wealth Concepts LLC increased its position in Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock worth $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock valued at $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock valued at $10,757,000 after acquiring an additional 5,884 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider's stock valued at $54,000 after acquiring an additional 43 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Clean Harbors by 32.9% during the second quarter. Creative Planning now owns 5,356 shares of the business services provider's stock valued at $1,238,000 after acquiring an additional 1,325 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

NYSE CLH opened at $275.56 on Friday. The business's 50-day moving average price is $274.41 and its 200 day moving average price is $246.45. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $298.12. The company has a market capitalization of $14.58 billion, a PE ratio of 37.85 and a beta of 0.93.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The firm's revenue was up 4.8% on a year-over-year basis. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird set a $300.00 target price on shares of Clean Harbors in a research note on Thursday, February 19th. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 20th. Zacks Research upgraded shares of Clean Harbors from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Finally, Citigroup upped their price objective on shares of Clean Harbors from $274.00 to $302.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $299.27.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president owned 48,728 shares of the company's stock, valued at $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,597 shares of company stock valued at $3,895,286. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors 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.

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