Sycomore Asset Management Acquires 825 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sycomore Asset Management lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 16,760 shares of the business services provider’s stock after buying an additional 825 shares during the quarter. Sycomore Asset Management’s holdings in Clean Harbors were worth $4,077,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CLH. KBC Group NV increased its stake in shares of Clean Harbors by 17.0% during the 3rd quarter. KBC Group NV now owns 1,412 shares of the business services provider’s stock worth $341,000 after purchasing an additional 205 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Clean Harbors by 45.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,031 shares of the business services provider’s stock worth $1,458,000 after acquiring an additional 1,882 shares during the period. Victory Capital Management Inc. increased its position in Clean Harbors by 2.2% during the 3rd quarter. Victory Capital Management Inc. now owns 334,885 shares of the business services provider’s stock worth $80,945,000 after purchasing an additional 7,053 shares in the last quarter. Aigen Investment Management LP increased its position in Clean Harbors by 361.7% during the 3rd quarter. Aigen Investment Management LP now owns 4,234 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 3,317 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Clean Harbors in the 3rd quarter valued at approximately $672,000. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,227 shares of company stock valued at $2,759,617 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors Stock Performance

Clean Harbors stock traded down $5.41 during midday trading on Thursday, hitting $253.68. The stock had a trading volume of 43,983 shares, compared to its average volume of 296,839. The firm’s fifty day moving average is $248.43 and its two-hundred day moving average is $232.89. The company has a market capitalization of $13.67 billion, a PE ratio of 33.74 and a beta of 1.20. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its 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 firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors, Inc. will post 7.29 EPS 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.