Two Sigma Investments LP Trims Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Two Sigma Investments LP lowered its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,077 shares of the business services provider's stock after selling 7,490 shares during the quarter. Two Sigma Investments LP owned about 0.15% of Clean Harbors worth $18,659,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Clean Harbors during the fourth quarter worth about $56,000. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

CLH has been the topic of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. UBS Group cut their target price 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, The Goldman Sachs Group decreased their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $257.67.

Insiders Place Their Bets

In related news, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the transaction, the director now owns 11,871 shares in the company, valued at approximately $2,684,864.07. The trade was a 6.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company's stock, valued at $7,619,123.52. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Clean Harbors stock traded up $2.04 during trading on Tuesday, reaching $228.55. The company had a trading volume of 197,610 shares, compared to its average volume of 350,066. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 30.82 and a beta of 1.19. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm's 50-day simple moving average is $210.46 and its 200 day simple moving average is $224.46. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11.

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

Clean Harbors Company 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.