Centiva Capital LP Buys Shares of 2,226 Clean Harbors, Inc. (NYSE:CLH)

Centiva Capital LP bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,226 shares of the business services provider's stock, valued at approximately $538,000.

A number of other large investors have also recently modified their holdings of the business. FMR LLC increased its holdings 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 increased its position in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. Handelsbanken Fonder AB raised its stake in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock valued at $137,974,000 after acquiring an additional 63,800 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 90,756 shares during the period. Finally, Hood River Capital Management LLC raised its position in Clean Harbors by 5.1% during the 2nd quarter. Hood River Capital Management LLC now owns 475,285 shares of the business services provider's stock worth $107,486,000 after purchasing an additional 23,222 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen started coverage on Clean Harbors in a research note on Friday. They issued a "buy" rating and a $325.00 price target for the company. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC dropped 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 report on Thursday, October 31st. Oppenheimer increased their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Finally, Truist Financial lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $261.40.

Clean Harbors Stock Up 0.5 %

Shares of CLH traded up $1.32 on Friday, reaching $248.00. The company's stock had a trading volume of 336,718 shares, compared to its average volume of 246,490. Clean Harbors, Inc. has a twelve month low of $161.39 and a twelve month high of $267.11. The stock has a market capitalization of $13.37 billion, a PE ratio of 32.29 and a beta of 1.22. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a fifty day moving average of $252.08 and a 200-day moving average of $238.10.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. Equities analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,447 shares of company stock worth $4,576,829. Corporate insiders own 5.90% of the company's stock.

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.