Nomura Holdings Inc. Purchases New Shares in Clean Harbors, Inc. (NYSE:CLH)

Nomura Holdings Inc. purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,723 shares of the business services provider's stock, valued at approximately $1,547,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Nicholas Investment Partners LP grew its stake in shares of 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 worth $10,377,000 after buying an additional 857 shares during the last quarter. Numerai GP LLC boosted its holdings in shares of Clean Harbors by 284.3% during the 4th quarter. Numerai GP LLC now owns 8,847 shares of the business services provider's stock valued at $2,036,000 after acquiring an additional 6,545 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 0.8% during 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 acquiring an additional 13,167 shares in the last quarter. Gotham Asset Management LLC grew its position in Clean Harbors by 26.3% during the 4th quarter. Gotham Asset Management LLC now owns 29,929 shares of the business services provider's stock worth $6,888,000 after acquiring an additional 6,226 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Clean Harbors in the 4th quarter worth about $234,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

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

Clean Harbors Trading Down 0.6%

Shares of CLH traded down $1.47 during trading hours on Friday, hitting $226.25. 62,877 shares of the stock were exchanged, compared to its average volume of 348,696. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The business has a 50-day moving average of $209.23 and a 200-day moving average of $225.28. The firm has a market capitalization of $12.12 billion, a P/E ratio of 30.56 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.29 EPS. The business's revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

CLH has been the topic of a number of recent research reports. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus reduced their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Needham & Company LLC decreased their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, UBS Group reduced their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and an average target price of $257.67.

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.