Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 30.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,635 shares of the business services provider's stock after purchasing an additional 3,862 shares during the quarter. Tidal Investments LLC's holdings in Clean Harbors were worth $4,021,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Innealta Capital LLC purchased a new position in Clean Harbors in the 2nd quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after purchasing an additional 83 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the second quarter valued at $56,000. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the third quarter valued at $56,000. Finally, CENTRAL TRUST Co boosted its holdings in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock valued at $63,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 309 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 2.24 % decrease in their position. 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 three months. 5.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective 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. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company. Oppenheimer boosted their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Clean Harbors has an average rating of "Buy" and an average target price of $271.00.

Clean Harbors Price Performance

NYSE:CLH traded down $3.20 during mid-day trading on Friday, hitting $244.28. 160,504 shares of the stock traded hands, compared to its average volume of 295,524. The business's 50-day moving average price is $252.32 and its 200 day moving average price is $239.13. The company has a market cap of $13.17 billion, a PE ratio of 31.81 and a beta of 1.22. Clean Harbors, Inc. has a 12-month low of $161.39 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

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