Kapitalo Investimentos Ltda Makes New $32,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 137 shares of the business services provider’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLH. Skandinaviska Enskilda Banken AB publ boosted its position in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Clean Harbors in the 4th quarter worth about $56,000. Finally, UMB Bank n.a. raised its position in Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 1.9 %

Shares of NYSE:CLH opened at $218.09 on Friday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The business’s 50-day moving average is $201.15 and its 200-day moving average is $227.72. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 29.39 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

CLH has been the topic of several research reports. UBS Group reduced their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Needham & Company LLC decreased their price target on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group cut their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Oppenheimer decreased their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus cut their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.40.

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.