Clean Harbors, Inc. (NYSE:CLH) Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619 shares of the business services provider’s stock after buying an additional 57 shares during the quarter. GAMMA Investing LLC’s holdings in Clean Harbors were worth $142,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the period. FMR LLC boosted its holdings in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after acquiring an additional 187,140 shares during the period. Janus Henderson Group PLC boosted its holdings in Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after acquiring an additional 7,948 shares during the period. State Street Corp grew its position in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,446 shares of company stock worth $2,119,483 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CLH shares. Robert W. Baird reduced their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Truist Financial boosted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average price target of $271.00.

Clean Harbors Stock Performance

NYSE:CLH opened at $229.77 on Friday. The firm has a market capitalization of $12.38 billion, a PE ratio of 29.92 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $162.36 and a 12-month high of $267.11. The firm has a 50-day moving average price of $244.06 and a 200 day moving average price of $240.65.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. Research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal 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.