NEOS Investment Management LLC Has $6.61 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

NEOS Investment Management LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,699 shares of the business services provider's stock after purchasing an additional 5,329 shares during the period. NEOS Investment Management LLC owned approximately 0.05% of Clean Harbors worth $6,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. UMB Bank n.a. raised its holdings in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after acquiring an additional 66 shares during the period. Finally, Spire Wealth Management increased its stake in shares of Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after purchasing an additional 238 shares during the period. Institutional investors own 90.43% of the company's stock.

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Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.38 during trading hours on Monday, reaching $196.77. 359,378 shares of the stock were exchanged, compared to its average volume of 325,750. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 26.53 and a beta of 1.22. The stock's fifty day simple moving average is $216.86 and its 200 day simple moving average is $235.37.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In related news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 308 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company's stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock worth $663,041 in the last 90 days. Company insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Oppenheimer decreased their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Robert W. Baird cut their price objective on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $266.56.

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.