Entropy Technologies LP Invests $902,000 in Clean Harbors, Inc. (NYSE:CLH)

Entropy Technologies LP purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,732 shares of the business services provider's stock, valued at approximately $902,000.

A number of other institutional investors have also bought and sold shares of the company. Swedbank AB increased its stake in shares of Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider's stock valued at $24,876,000 after acquiring an additional 50,000 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock valued at $28,000,000 after purchasing an additional 18,058 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Clean Harbors by 25.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider's stock valued at $4,491,000 after purchasing an additional 4,554 shares during the period. Bridges Investment Management Inc. bought a new position in shares of Clean Harbors during the 2nd quarter worth about $729,000. Finally, Advisor Resource Council acquired a new position in Clean Harbors during the 3rd quarter worth approximately $926,000. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded down $4.97 during trading hours on Thursday, hitting $254.12. 50,628 shares of the company's stock traded hands, compared to its average volume of 296,869. The company has a fifty day simple moving average of $248.43 and a 200-day simple moving average of $232.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 33.74 and a beta of 1.20. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $1.68 EPS. The business's revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction dated Tuesday, November 5th. The stock was 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 owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Lauren States sold 309 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 610 shares of the firm's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,227 shares of company stock worth $2,759,617. Insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target 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. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Truist Financial increased their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC decreased their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued 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.

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.