Oribel Capital Management LP Buys 30,200 Shares of Clean Harbors, Inc. (NYSE:CLH)

Oribel Capital Management LP lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,900 shares of the business services provider's stock after acquiring an additional 30,200 shares during the quarter. Clean Harbors comprises approximately 0.6% of Oribel Capital Management LP's holdings, making the stock its 29th largest position. Oribel Capital Management LP owned about 0.14% of Clean Harbors worth $16,777,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Traynor Capital Management Inc. lifted its position in shares of Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC grew its stake in shares of Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after acquiring an additional 53 shares during the last quarter. GAMMA Investing LLC increased its position in Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock worth $142,000 after acquiring an additional 57 shares during the period. Versant Capital Management Inc raised its stake in Clean Harbors by 17.8% during the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock valued at $88,000 after purchasing an additional 58 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CLH shares. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. UBS Group decreased their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday. Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $260.40.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $3.80 during midday trading on Friday, reaching $197.86. The company had a trading volume of 256,215 shares, compared to its average volume of 337,640. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock has a fifty day simple moving average of $206.94 and a 200 day simple moving average of $231.61. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 26.62 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period last year, the firm earned $1.82 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by insiders.

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.