Gotham Asset Management LLC Boosts Position in Clean Harbors, Inc. (NYSE:CLH)

Gotham Asset Management LLC raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,929 shares of the business services provider's stock after purchasing an additional 6,226 shares during the quarter. Gotham Asset Management LLC owned 0.06% of Clean Harbors worth $6,888,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Reliant Investment Management LLC acquired a new position in Clean Harbors during the fourth quarter worth about $4,386,000. Mountain Pacific Investment Advisers LLC grew its holdings in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after purchasing an additional 4,240 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at approximately $846,000. Barclays PLC lifted its position in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Clean Harbors by 20.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider's stock valued at $21,588,000 after purchasing an additional 16,170 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus lowered 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. StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two equities research 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 has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.92 during mid-day trading on Monday, reaching $231.99. 19,632 shares of the company were exchanged, compared to its average volume of 348,466. The company's 50-day simple moving average is $206.23 and its 200-day simple moving average is $225.28. The stock has a market capitalization of $12.43 billion, a P/E ratio of 31.26 and a beta of 1.19. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. 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 issued its quarterly earnings results 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. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 EPS. As a group, research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current 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.