Martingale Asset Management L P Reduces Holdings in Clean Harbors, Inc. (NYSE:CLH)

Martingale Asset Management L P reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,572 shares of the business services provider's stock after selling 21,586 shares during the period. Martingale Asset Management L P owned approximately 0.21% of Clean Harbors worth $27,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in shares of Clean Harbors during the first quarter valued at $255,000. Lazard Asset Management LLC purchased a new stake in Clean Harbors during the 1st quarter valued at about $155,000. Tidal Investments LLC increased its holdings in shares of Clean Harbors by 114.8% in the first quarter. Tidal Investments LLC now owns 11,462 shares of the business services provider's stock valued at $2,307,000 after purchasing an additional 6,125 shares during the period. iA Global Asset Management Inc. raised its stake in shares of Clean Harbors by 9.1% in the first quarter. iA Global Asset Management Inc. now owns 4,028 shares of the business services provider's stock worth $811,000 after purchasing an additional 337 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Clean Harbors during the first quarter worth about $12,079,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of CLH stock traded up $2.41 on Friday, reaching $260.09. 186,422 shares of the company were exchanged, compared to its average volume of 296,573. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. 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 business has a 50-day moving average price of $251.08 and a 200 day moving average price of $236.24. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 33.95 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the business earned $1.68 EPS. The business's revenue was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their target price 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. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Needham & Company LLC reduced their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, Robert W. Baird lowered their target price on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research note 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. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $254.33.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the company's 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 approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 610 shares of the firm's 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 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 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock valued at $4,576,829 over the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

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.