Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,936 shares of the business services provider's stock after buying an additional 11,567 shares during the quarter. Royal Bank of Canada owned about 0.33% of Clean Harbors worth $41,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its stake in shares of Clean Harbors by 120.2% in the fourth quarter. Point72 Asset Management L.P. now owns 157,218 shares of the business services provider's stock worth $36,182,000 after purchasing an additional 85,818 shares during the last quarter. ProShare Advisors LLC raised its position in Clean Harbors by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 2,371 shares of the business services provider's stock valued at $546,000 after acquiring an additional 160 shares in the last quarter. Quantinno Capital Management LP raised its position in Clean Harbors by 6.7% during the fourth quarter. Quantinno Capital Management LP now owns 36,663 shares of the business services provider's stock valued at $8,438,000 after acquiring an additional 2,292 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Clean Harbors during the fourth quarter valued at approximately $1,547,000. Finally, Nicholas Investment Partners LP raised its position in Clean Harbors by 1.9% during the fourth quarter. Nicholas Investment Partners LP now owns 45,090 shares of the business services provider's stock valued at $10,377,000 after acquiring an additional 857 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on CLH shares. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Truist Financial cut their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Price Performance

Shares of CLH traded up $1.52 during trading hours on Tuesday, hitting $228.03. 32,782 shares of the stock were exchanged, compared to its average volume of 349,353. 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, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 30.74 and a beta of 1.19. The stock's 50-day moving average price is $210.46 and its two-hundred day moving average price is $224.46.

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

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the business's 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 transaction, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 836 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the transaction, the director now directly owns 11,871 shares in the company, valued at $2,684,864.07. This trade represents a 6.58% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Profile

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.