Point72 DIFC Ltd Invests $998,000 in Clean Harbors, Inc. (NYSE:CLH)

Point72 DIFC Ltd bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,129 shares of the business services provider's stock, valued at approximately $998,000.

Other large investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in Clean Harbors during the 2nd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in Clean Harbors by 63.4% in the 3rd 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 during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors in the 2nd quarter valued at about $56,000. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors in the third quarter valued at about $56,000. Finally, CENTRAL TRUST Co grew its holdings in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after buying an additional 160 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.5 %

NYSE CLH traded up $1.20 on Friday, reaching $247.88. The company had a trading volume of 336,718 shares, compared to its average volume of 295,446. The company's fifty day moving average is $251.89 and its 200 day moving average is $237.71. The stock has a market capitalization of $13.36 billion, a P/E ratio of 32.20 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52-week low of $161.39 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 earnings per share. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the subject of several recent research reports. Needham & Company LLC reduced their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Robert W. Baird lowered their target price on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday. They issued a "buy" rating and a $325.00 target price for the company. Finally, StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $261.40.

Insider Buying and Selling

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors 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 completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the sale, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,447 shares of company stock valued at $4,576,829. 5.90% of the stock is owned by insiders.

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.