Tidal Investments LLC Lowers Stake in Clean Harbors, Inc. $CLH

Tidal Investments LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 53.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,222 shares of the business services provider’s stock after selling 38,724 shares during the quarter. Tidal Investments LLC’s holdings in Clean Harbors were worth $9,925,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Clean Harbors by 94.4% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after acquiring an additional 8,252 shares during the period. Jefferies Financial Group Inc. acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $938,000. Swedbank AB raised its stake in Clean Harbors by 7.1% during the fourth quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock valued at $35,172,000 after buying an additional 10,000 shares in the last quarter. Bessemer Group Inc. lifted its stake in Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after purchasing an additional 16,747 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup upped their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays lifted their price target on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets upped their target price on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.57.

Insiders Place Their Bets

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Gerstenberg sold 2,500 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by insiders.

Clean Harbors Price Performance

Shares of CLH opened at $322.41 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The firm’s 50 day moving average price is $311.99 and its 200 day moving average price is $299.33. The firm has a market cap of $17.02 billion, a PE ratio of 39.13, a PEG ratio of 2.07 and a beta of 0.85.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 earnings per share. As a group, research analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.