Point72 Asset Management L.P. Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Point72 Asset Management L.P. boosted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 120.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,218 shares of the business services provider's stock after purchasing an additional 85,818 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.29% of Clean Harbors worth $36,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its stake in Clean Harbors by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 2,371 shares of the business services provider's stock worth $546,000 after purchasing an additional 160 shares during the period. Quantinno Capital Management LP boosted its stake in Clean Harbors by 6.7% in the 4th quarter. Quantinno Capital Management LP now owns 36,663 shares of the business services provider's stock worth $8,438,000 after purchasing an additional 2,292 shares during the period. Nomura Holdings Inc. bought a new position in Clean Harbors in the 4th quarter worth about $1,547,000. Nicholas Investment Partners LP boosted its stake in Clean Harbors by 1.9% in the 4th quarter. Nicholas Investment Partners LP now owns 45,090 shares of the business services provider's stock worth $10,377,000 after purchasing an additional 857 shares during the period. Finally, Numerai GP LLC boosted its stake in Clean Harbors by 284.3% in the 4th quarter. Numerai GP LLC now owns 8,847 shares of the business services provider's stock worth $2,036,000 after purchasing an additional 6,545 shares during the period. Institutional investors own 90.43% of the company's stock.

Clean Harbors Price Performance

CLH stock traded down $0.99 during mid-day trading on Thursday, hitting $227.13. 48,215 shares of the stock were exchanged, compared to its average volume of 348,644. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The business has a fifty day moving average price of $208.55 and a 200 day moving average price of $225.35. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 30.65 and a beta of 1.19.

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, topping 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company's revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CLH shares. Truist Financial dropped their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. BMO Capital Markets lowered their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. The trade was a 6.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $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. Company insiders own 5.60% of the company's stock.

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.