Atom Investors LP Takes Position in Clean Harbors, Inc. $CLH

Atom Investors LP purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 31,001 shares of the business services provider’s stock, valued at approximately $7,269,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after buying an additional 22,827 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock valued at $51,059,000 after buying an additional 15,872 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after buying an additional 29,176 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Clean Harbors by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after buying an additional 8,145 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $290.64 on Wednesday. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The stock’s fifty day moving average is $294.90 and its 200 day moving average is $274.60. The stock has a market cap of $15.36 billion, a P/E ratio of 39.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.09 EPS. Clean Harbors’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLH. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Truist Financial increased their price target on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. Oppenheimer increased their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. Finally, The Goldman Sachs Group raised their target price on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.