nVerses Capital LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

nVerses Capital LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,600 shares of the business services provider’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new stake in Clean Harbors during the second quarter worth about $25,000. Rise Advisors LLC purchased a new stake in Clean Harbors in the 1st quarter worth approximately $27,000. GAMMA Investing LLC grew its stake in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the period. UMB Bank n.a. increased its holdings in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE CLH opened at $256.85 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a market cap of $13.85 billion, a PE ratio of 37.17 and a beta of 1.20. The stock’s 50 day simple moving average is $243.61 and its 200-day simple moving average is $225.26.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $2.13 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,617 shares of company stock valued at $2,613,132. Corporate insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CLH. Oppenheimer raised their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial upped their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Robert W. Baird raised their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $248.89.

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.