Two Sigma Investments LP Cuts Stake in Clean Harbors, Inc. (NYSE:CLH)

Two Sigma Investments LP decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. increased its stake in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors in the 4th quarter valued at $56,000. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Down 0.4%

CLH traded down $0.89 during mid-day trading on Wednesday, reaching $228.25. 28,380 shares of the stock were exchanged, compared to its average volume of 349,471. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market capitalization of $12.23 billion, a PE ratio of 30.76 and a beta of 1.19. The company has a 50 day moving average price of $211.07 and a two-hundred day moving average price of $224.49. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on CLH shares. Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets decreased their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Truist Financial decreased their price target 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Insiders Place Their Bets

In related news, Director Lauren States sold 836 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were 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 of the company's stock, valued at approximately $2,684,864.07. The trade was a 6.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction dated 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 trade represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

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.