Tidal Investments LLC Acquires 50,834 Shares of Clean Harbors, Inc. (NYSE:CLH)

Tidal Investments LLC boosted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 305.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,469 shares of the business services provider's stock after buying an additional 50,834 shares during the quarter. Tidal Investments LLC owned approximately 0.13% of Clean Harbors worth $15,527,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tema Etfs LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth about $6,605,000. Toronto Dominion Bank acquired a new position in Clean Harbors in the fourth quarter valued at about $3,295,000. Select Equity Group L.P. grew its stake in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of Clean Harbors by 6.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 270,144 shares of the business services provider's stock worth $62,171,000 after buying an additional 15,659 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Clean Harbors by 6.9% in the fourth quarter. Royal Bank of Canada now owns 179,936 shares of the business services provider's stock valued at $41,411,000 after acquiring an additional 11,567 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CLH shares. Stifel Nicolaus reduced their price objective 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. Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Oppenheimer cut their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets dropped 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. Finally, Needham & Company LLC cut their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Insider Activity

In other news, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 836 shares of the stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Trading Down 0.2%

CLH stock traded down $0.41 during midday trading on Friday, hitting $227.31. 152,846 shares of the company's stock were exchanged, compared to its average volume of 453,499. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. 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 company has a market cap of $12.18 billion, a PE ratio of 30.63 and a beta of 1.19. The stock's fifty day moving average price is $209.23 and its 200-day moving average price is $225.28.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. Clean Harbors's quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts predict 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.