Cynosure Group LLC Invests $354,000 in Clean Harbors, Inc. (NYSE:CLH)

Cynosure Group LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) during the third quarter, according to its most recent filing with the SEC. The firm acquired 1,464 shares of the business services provider’s stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLH. FMR LLC lifted its stake in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the period. Clearbridge Investments LLC boosted its holdings in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Handelsbanken Fonder AB increased its position in Clean Harbors by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after purchasing an additional 63,800 shares during the period. Marshall Wace LLP raised its stake in shares of Clean Harbors by 20.3% during the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after buying an additional 90,756 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Clean Harbors by 13.7% in 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 period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Clean Harbors news, insider Robert Speights sold 610 shares of the business’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 transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,447 shares of company stock valued at $4,576,829 over the last 90 days. Insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

CLH stock opened at $257.68 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock’s 50 day moving average price is $250.87 and its 200 day moving average price is $236.09. The firm has a market cap of $13.89 billion, a P/E ratio of 33.55 and a beta of 1.20. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) 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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CLH shares. Truist Financial upped their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group upped their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $254.33.

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.