Intech Investment Management LLC Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Intech Investment Management LLC lifted its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 113.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,807 shares of the business services provider's stock after acquiring an additional 13,721 shares during the quarter. Intech Investment Management LLC's holdings in Clean Harbors were worth $6,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its holdings in Clean Harbors by 7.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider's stock worth $328,000 after buying an additional 111 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Clean Harbors by 0.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,415 shares of the business services provider's stock worth $6,528,000 after buying an additional 234 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Clean Harbors during the first quarter worth $255,000. Lazard Asset Management LLC purchased a new stake in Clean Harbors during the first quarter worth $155,000. Finally, Estuary Capital Management LP boosted its holdings in Clean Harbors by 83.7% during the first quarter. Estuary Capital Management LP now owns 116,955 shares of the business services provider's stock worth $23,544,000 after buying an additional 53,299 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Trading Up 1.0 %

Clean Harbors stock traded up $2.47 during midday trading on Friday, hitting $252.50. 353,569 shares of the stock were exchanged, compared to its average volume of 404,032. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 32.87 and a beta of 1.20. The stock's 50-day simple moving average is $249.86 and its 200 day simple moving average is $234.94. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. Clean Harbors's revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 over the last three months. Insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CLH shares. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus reiterated a "buy" rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $254.33.

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.