Point72 Asset Management L.P. Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Point72 Asset Management L.P. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 71,400 shares of the business services provider's stock, valued at approximately $17,258,000. Point72 Asset Management L.P. owned approximately 0.13% of Clean Harbors at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CLH. Cetera Investment Advisers increased its holdings in shares of Clean Harbors by 380.8% in the 1st quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider's stock valued at $3,025,000 after acquiring an additional 11,903 shares during the last quarter. CWM LLC lifted its position in shares of Clean Harbors by 9.8% in the 2nd quarter. CWM LLC now owns 1,351 shares of the business services provider's stock worth $306,000 after buying an additional 121 shares during the last quarter. Csenge Advisory Group lifted its position in shares of Clean Harbors by 7.6% in the 2nd quarter. Csenge Advisory Group now owns 1,117 shares of the business services provider's stock worth $253,000 after buying an additional 79 shares during the last quarter. MJP Associates Inc. ADV boosted its holdings in shares of Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock valued at $1,071,000 after buying an additional 51 shares during the period. Finally, Artemis Investment Management LLP grew its position in shares of Clean Harbors by 13.7% during the 2nd quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider's stock valued at $110,965,000 after buying an additional 59,033 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC decreased their target price 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. Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. TD Cowen began coverage on Clean Harbors in a research report on Friday. They issued a "buy" rating and a $325.00 target price on the stock. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $261.40.

Clean Harbors Price Performance

Shares of NYSE CLH traded up $1.32 during mid-day trading on Friday, reaching $248.00. 336,718 shares of the company traded hands, compared to its average volume of 246,490. The firm has a market cap of $13.37 billion, a PE ratio of 32.28 and a beta of 1.22. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The stock has a fifty day simple moving average of $252.08 and a 200-day simple moving average of $237.94.

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

Insider Activity

In other news, Director Lauren States sold 308 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares of the company's stock, valued at $3,428,731. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 610 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,447 shares of company stock worth $4,576,829. Corporate insiders own 5.90% of the company's stock.

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.