Tidal Investments LLC Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Tidal Investments LLC grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 305.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,469 shares of the business services provider’s stock after acquiring an additional 50,834 shares during the period. Tidal Investments LLC owned about 0.13% of Clean Harbors worth $15,527,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Tema Etfs LLC purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $6,605,000. Toronto Dominion Bank purchased a new stake in Clean Harbors during the fourth quarter worth $3,295,000. Select Equity Group L.P. boosted its holdings in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock worth $403,085,000 after buying an additional 80,436 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Clean Harbors by 6.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 270,144 shares of the business services provider’s stock worth $62,171,000 after buying an additional 15,659 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Clean Harbors by 6.9% during the fourth quarter. Royal Bank of Canada now owns 179,936 shares of the business services provider’s stock worth $41,411,000 after buying an additional 11,567 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

NYSE:CLH opened at $232.70 on Monday. The company has a fifty day moving average of $206.23 and a two-hundred day moving average of $225.28. The stock has a market capitalization of $12.47 billion, a PE ratio of 31.36 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

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

Insider Activity

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

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Oppenheimer lowered their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Finally, Truist Financial reduced their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.67.

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.