Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,682 Clean Harbors, Inc. (NYSE:CLH)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,682 shares of the business services provider’s stock, valued at approximately $407,000.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC raised its stake in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Clearbridge Investments LLC raised its position 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 valued at $239,361,000 after buying an additional 248,240 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Clean Harbors by 12.6% in the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock valued at $137,974,000 after buying an additional 63,800 shares during the period. Marshall Wace LLP grew its position in Clean Harbors by 20.3% during the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after buying an additional 90,756 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Clean Harbors by 13.7% during the 2nd quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider’s stock worth $110,965,000 after acquiring an additional 59,033 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CLH shares. Needham & Company LLC reduced their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird decreased their price objective 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. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer raised their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Trading Down 1.9 %

NYSE CLH opened at $255.13 on Tuesday. The company has a market cap of $13.75 billion, a price-to-earnings ratio of 33.37 and a beta of 1.20. Clean Harbors, Inc. has a twelve month low of $161.39 and a twelve month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The business’s fifty day moving average is $251.34 and its 200 day moving average is $236.91.

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

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 610 shares of the stock in a transaction on 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 owns 39,160 shares of the company’s stock, valued at $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,447 shares of company stock worth $4,576,829 in the last ninety days. Company insiders own 5.90% of the company’s stock.

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.