Voloridge Investment Management LLC Invests $543,000 in Clean Harbors, Inc. (NYSE:CLH)

Voloridge Investment Management LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,360 shares of the business services provider's stock, valued at approximately $543,000.

Several other large investors have also made changes to their positions in CLH. Williams Jones Wealth Management LLC. boosted its holdings in Clean Harbors by 148.0% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 50,459 shares of the business services provider's stock worth $11,613,000 after buying an additional 30,111 shares in the last quarter. Zurich Insurance Group Ltd FI raised its position in Clean Harbors by 21.7% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock worth $119,882,000 after acquiring an additional 92,785 shares during the period. Twinbeech Capital LP acquired a new position in Clean Harbors during the fourth quarter worth $1,013,000. Two Sigma Advisers LP raised its position in Clean Harbors by 51.4% during the fourth quarter. Two Sigma Advisers LP now owns 39,200 shares of the business services provider's stock worth $9,021,000 after acquiring an additional 13,307 shares during the period. Finally, Tidal Investments LLC raised its position in Clean Harbors by 305.6% during the fourth quarter. Tidal Investments LLC now owns 67,469 shares of the business services provider's stock worth $15,527,000 after acquiring an additional 50,834 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.6%

Shares of CLH traded up $1.25 during trading on Tuesday, reaching $227.02. 227,778 shares of the company traded hands, compared to its average volume of 349,445. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The stock has a market cap of $12.16 billion, a PE ratio of 30.60 and a beta of 1.19. The stock has a 50-day simple moving average of $213.79 and a 200-day simple moving average of $223.46. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction on Monday, March 10th. The shares were 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 in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Welch sold 1,250 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the transaction, the director now owns 11,402 shares of the company's stock, valued at approximately $2,605,471.02. The trade was a 9.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,833 shares of company stock worth $1,227,181 over the last 90 days. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC reduced their target price 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 research report on Thursday, May 1st. The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors 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.