Dynamic Technology Lab Private Ltd Buys Shares of 3,802 Clean Harbors, Inc. (NYSE:CLH)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,802 shares of the business services provider’s stock, valued at approximately $919,000.

Several other hedge funds have also recently added to or reduced their stakes in CLH. Quent Capital LLC increased its stake in shares of Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after purchasing an additional 47 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after acquiring an additional 47 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Clean Harbors by 10.5% in the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 50 shares in the last quarter. MJP Associates Inc. ADV increased its position in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 52 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. This represents a 2.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock worth $4,576,829 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $257.70 on Thursday. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 33.55 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm’s fifty day simple moving average is $250.51 and its 200 day simple moving average is $235.94.

Clean Harbors (NYSE:CLH) last issued its earnings results 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 analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLH. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Truist Financial increased their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors 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.