Tidal Investments LLC Has $4.02 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Tidal Investments LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 30.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,635 shares of the business services provider’s stock after buying an additional 3,862 shares during the quarter. Tidal Investments LLC’s holdings in Clean Harbors were worth $4,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Driehaus Capital Management LLC boosted its stake in Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after acquiring an additional 18,058 shares during the last quarter. Bridges Investment Management Inc. acquired a new stake in Clean Harbors in the second quarter worth $729,000. Advisor Resource Council bought a new position in shares of Clean Harbors during the third quarter worth $926,000. Anthracite Investment Company Inc. acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $1,692,000. Finally, Northcape Capital Pty Ltd bought a new stake in shares of Clean Harbors in the 3rd quarter valued at $2,324,000. 90.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of the business’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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock valued at $4,576,829 in the last 90 days. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Down 1.3 %

Clean Harbors stock opened at $244.28 on Friday. The company has a fifty day simple moving average of $252.32 and a 200 day simple moving average of $239.13. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1-year low of $161.39 and a 1-year high of $267.11. The company has a market cap of $13.17 billion, a P/E ratio of 31.81 and a beta of 1.22.

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

Analyst Ratings Changes

CLH has been the topic of several recent analyst reports. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Truist Financial raised their target price 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 target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. One 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 stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $271.00.

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.