Edgestream Partners L.P. Makes New $4.32 Million Investment in Clean Harbors, Inc. (NYSE:CLH)

Edgestream Partners L.P. acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 17,880 shares of the business services provider's stock, valued at approximately $4,322,000.

A number of other large investors also recently modified their holdings of CLH. Innealta Capital LLC bought a new stake in Clean Harbors during the second quarter valued at about $25,000. UMB Bank n.a. grew its position in shares of Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after purchasing an additional 83 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Clean Harbors during the 3rd quarter valued at approximately $56,000. Brown Brothers Harriman & Co. purchased a new position in Clean Harbors in the 2nd quarter worth approximately $56,000. Finally, CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 0.9 %

Shares of Clean Harbors stock traded up $2.41 on Friday, reaching $260.09. The company had a trading volume of 186,431 shares, compared to its average volume of 316,878. The firm's 50-day moving average price is $251.34 and its two-hundred day moving average price is $236.74. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 33.87 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. As a group, research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CLH shares. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Truist Financial boosted 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. Finally, Robert W. Baird cut their price target on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $254.33.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % 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 ninety days. 5.90% of the stock is owned by company insiders.

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.