Entropy Technologies LP Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Entropy Technologies LP acquired a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,732 shares of the business services provider's stock, valued at approximately $902,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Innealta Capital LLC bought a new stake in Clean Harbors during the second quarter worth about $25,000. UMB Bank n.a. lifted its position in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Clean Harbors in the 2nd quarter worth approximately $56,000. CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after buying an additional 160 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Clean Harbors by 117.7% during the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider's stock worth $72,000 after acquiring an additional 173 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research reports. 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 research note on Thursday, October 31st. Needham & Company LLC cut their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Finally, StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $254.33.

Clean Harbors Trading Down 1.9 %

Shares of CLH stock traded down $4.97 during trading hours on Thursday, reaching $254.12. The company's stock had a trading volume of 50,628 shares, compared to its average volume of 296,869. 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, Inc. has a one year low of $158.42 and a one year high of $267.11. The stock has a market capitalization of $13.70 billion, a P/E ratio of 33.74 and a beta of 1.20. The firm's fifty day simple moving average is $248.43 and its 200 day simple moving average is $232.89.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) 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 analysts' expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Buying and Selling

In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related 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 transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,227 shares of company stock valued at $2,759,617 over the last three months. 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.