Dynamic Technology Lab Private Ltd Acquires New Position in Clean Harbors, Inc. (NYSE:CLH)

Dynamic Technology Lab Private Ltd purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,802 shares of the business services provider's stock, valued at approximately $919,000.

Other large investors have also modified their holdings of the company. Clearbridge Investments LLC grew its position in shares of 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 worth $239,361,000 after buying an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in Clean Harbors during the 2nd quarter worth approximately $42,968,000. Marshall Wace LLP grew its position in Clean Harbors by 20.3% during the 2nd 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 last quarter. Handelsbanken Fonder AB grew its position in Clean Harbors by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock worth $137,974,000 after purchasing an additional 63,800 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Clean Harbors during the 1st quarter worth approximately $12,079,000. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH traded down $2.27 during trading hours on Thursday, hitting $257.68. The stock had a trading volume of 305,575 shares, compared to its average volume of 297,052. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The firm has a 50-day moving average price of $250.87 and a 200 day moving average price of $236.09. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 33.55 and a beta of 1.20.

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 company had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,447 shares of company stock worth $4,576,829. Company insiders own 5.90% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC dropped 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 reaffirmed a "buy" rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Robert W. Baird dropped their price objective 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. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $254.33.

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.