Custom Index Systems LLC Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Custom Index Systems LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,029 shares of the business services provider's stock, valued at approximately $490,000.

Several other large investors also recently made changes to their positions in CLH. Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider's stock worth $319,371,000 after buying an additional 78,848 shares during the period. Clearbridge Investments LLC boosted its holdings in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. Bessemer Group Inc. grew its position in shares of Clean Harbors by 1.2% in the first quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider's stock valued at $204,019,000 after purchasing an additional 12,411 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock worth $137,974,000 after buying an additional 63,800 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after acquiring an additional 90,756 shares during the period. Institutional investors own 90.43% of the company's stock.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,617 shares of company stock worth $2,613,132. 5.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of research analyst reports. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Robert W. Baird lifted their price objective on Clean Harbors from $242.00 to $268.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Stifel Nicolaus restated a "buy" rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Truist Financial boosted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $250.89.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $1.62 during midday trading on Friday, reaching $253.87. The company had a trading volume of 190,486 shares, compared to its average volume of 285,690. The stock has a fifty day simple moving average of $246.21 and a 200 day simple moving average of $228.07. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 36.74 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

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.