Two Sigma Securities LLC Takes $339,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Two Sigma Securities LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,473 shares of the business services provider's stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLH. Traynor Capital Management Inc. boosted its position in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after purchasing an additional 50 shares in the last quarter. Williamson Legacy Group LLC boosted its holdings in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after buying an additional 53 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Clean Harbors by 10.1% in the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock worth $142,000 after buying an additional 57 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Clean Harbors by 17.8% during the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after acquiring an additional 58 shares in the last quarter. Finally, Scotia Capital Inc. lifted its position in Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after acquiring an additional 59 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock traded up $4.99 during trading hours on Friday, hitting $222.37. The company's stock had a trading volume of 358,108 shares, compared to its average volume of 348,453. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a 50 day moving average of $201.32 and a 200 day moving average of $227.28. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The stock has a market cap of $12.05 billion, a PE ratio of 29.97 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other news, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLH. UBS Group reduced their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday. Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.