Clean Harbors, Inc. (NYSE:CLH) Position Cut by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 34.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,100 shares of the business services provider's stock after selling 9,100 shares during the period. Polar Asset Management Partners Inc.'s holdings in Clean Harbors were worth $4,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CLH. Morse Asset Management Inc acquired a new stake in Clean Harbors in the 3rd quarter worth about $340,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Clean Harbors by 8.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,052 shares of the business services provider's stock worth $254,000 after acquiring an additional 79 shares during the period. Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider's stock worth $386,477,000 after acquiring an additional 7,948 shares during the last quarter. HighTower Advisors LLC grew its holdings in Clean Harbors by 12.6% in the third quarter. HighTower Advisors LLC now owns 7,983 shares of the business services provider's stock valued at $1,923,000 after purchasing an additional 891 shares during the period. Finally, Centiva Capital LP acquired a new position in Clean Harbors during the third quarter worth approximately $538,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC cut their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Oppenheimer lifted their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Finally, Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $254.33.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,447 shares of company stock valued at $4,576,829. Insiders own 5.90% of the company's stock.

Clean Harbors Stock Down 3.5 %

Shares of CLH traded down $9.01 during mid-day trading on Thursday, reaching $246.68. 318,015 shares of the stock traded hands, compared to its average volume of 295,271. The stock has a fifty day simple moving average of $251.82 and a 200 day simple moving average of $237.65. Clean Harbors, Inc. has a 12-month low of $161.39 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 33.32 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $1.53 billion for 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 quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. Sell-side analysts expect that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

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.