Two Sigma Advisers LP Purchases 13,307 Shares of Clean Harbors, Inc. (NYSE:CLH)

Two Sigma Advisers LP boosted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,200 shares of the business services provider's stock after purchasing an additional 13,307 shares during the quarter. Two Sigma Advisers LP owned about 0.07% of Clean Harbors worth $9,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC increased its holdings in Clean Harbors by 305.6% in the 4th quarter. Tidal Investments LLC now owns 67,469 shares of the business services provider's stock valued at $15,527,000 after buying an additional 50,834 shares during the period. Tema Etfs LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $6,605,000. Toronto Dominion Bank bought a new position in Clean Harbors in the fourth quarter valued at approximately $3,295,000. Select Equity Group L.P. raised its position 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 valued at $403,085,000 after purchasing an additional 80,436 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in 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 valued at $62,171,000 after purchasing an additional 15,659 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Trading Down 0.9%

Shares of NYSE:CLH traded down $2.15 during midday trading on Wednesday, hitting $226.99. 175,043 shares of the stock were exchanged, compared to its average volume of 350,044. The business's 50-day moving average price is $211.07 and its 200 day moving average price is $224.49. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month 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 stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 30.59 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its 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 net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. The trade was a 4.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,583 shares of company stock valued at $941,544 in the last three months. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. 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 report on Thursday, February 20th. Truist Financial reduced their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus price target 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.