Point72 Hong Kong Ltd Has $305,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Point72 Hong Kong Ltd lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 93.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,324 shares of the business services provider's stock after selling 17,829 shares during the period. Point72 Hong Kong Ltd's holdings in Clean Harbors were worth $305,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CLH. Reliant Investment Management LLC bought a new position in Clean Harbors in the fourth quarter valued at about $4,386,000. Mountain Pacific Investment Advisers LLC boosted its holdings in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC boosted its holdings in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in Clean Harbors by 20.8% in 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 acquiring an additional 16,170 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Clean Harbors by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,636 shares of the business services provider's stock valued at $2,218,000 after acquiring an additional 2,165 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.4%

Shares of Clean Harbors stock traded down $0.99 on Thursday, hitting $227.13. The stock had a trading volume of 48,215 shares, compared to its average volume of 348,644. The stock has a 50 day moving average of $208.55 and a 200 day moving average of $225.35. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve 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 firm has a market capitalization of $12.17 billion, a P/E ratio of 30.65 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CLH shares. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC reduced their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group reduced their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer reduced their price objective 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Insider Activity

In related news, CFO Eric J. Dugas acquired 1,050 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, with a total value 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 $4,638,668.44. The trade was a 4.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.