Tidal Investments LLC Increases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Tidal Investments LLC boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 305.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,469 shares of the business services provider’s stock after buying an additional 50,834 shares during the quarter. Tidal Investments LLC’s holdings in Clean Harbors were worth $15,527,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CLH. Pictet Asset Management Holding SA boosted its stake in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after buying an additional 697,630 shares during the period. Norges Bank purchased a new position in shares of Clean Harbors in the fourth quarter valued at approximately $136,974,000. Wellington Management Group LLP boosted its stake in shares of Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after purchasing an additional 592,341 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Clean Harbors in the fourth quarter valued at approximately $57,956,000. Finally, First Trust Advisors LP boosted its stake in shares of Clean Harbors by 46.7% in the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider’s stock valued at $85,138,000 after purchasing an additional 117,718 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLH shares. UBS Group lowered their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Truist Financial lowered their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC lowered their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $257.67.

Insider Activity

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 1.3%

CLH stock opened at $232.70 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company’s 50 day moving average is $206.23 and its two-hundred day moving average is $225.28. The stock has a market cap of $12.47 billion, a P/E ratio of 31.36 and a beta of 1.19.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. Research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

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.