Geode Capital Management LLC Has $204.96 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Geode Capital Management LLC increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 847,715 shares of the business services provider's stock after buying an additional 11,808 shares during the period. Geode Capital Management LLC owned 1.57% of Clean Harbors worth $204,955,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Driehaus Capital Management LLC increased its position in shares of 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 worth $28,000,000 after purchasing an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new position in Clean Harbors during the second quarter valued at approximately $729,000. Advisor Resource Council bought a new stake in Clean Harbors during the third quarter worth $926,000. Anthracite Investment Company Inc. acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at $1,692,000. Finally, Settian Capital LP increased its stake in shares of Clean Harbors by 22.2% in the 3rd quarter. Settian Capital LP now owns 11,000 shares of the business services provider's stock valued at $2,659,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Activity

In other Clean Harbors news, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on 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 owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,138 shares of company stock worth $2,044,005 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CLH has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial raised their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. One 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $271.00.

Clean Harbors Price Performance

Shares of CLH traded up $3.19 during trading hours on Monday, reaching $247.47. The company had a trading volume of 205,697 shares, compared to its average volume of 295,152. The firm has a 50 day simple moving average of $252.32 and a 200-day simple moving average of $239.32. Clean Harbors, Inc. has a 12-month low of $161.39 and a 12-month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 31.81 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results 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 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 firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. Research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current 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.