2,238 Clean Harbors, Inc. $CLH Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 44.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,228 shares of the business services provider’s stock after buying an additional 2,238 shares during the quarter. Machina Capital S.A.S.’s holdings in Clean Harbors were worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CLH. Illinois Municipal Retirement Fund increased its position in Clean Harbors by 2.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,107 shares of the business services provider’s stock valued at $964,000 after acquiring an additional 63 shares during the period. Lido Advisors LLC acquired a new position in shares of Clean Harbors during the third quarter worth $350,000. New York Life Investment Management LLC grew its stake in shares of Clean Harbors by 357.1% in the third quarter. New York Life Investment Management LLC now owns 7,328 shares of the business services provider’s stock worth $2,273,000 after purchasing an additional 5,725 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Clean Harbors in the third quarter worth $286,000. Finally, Retirement Systems of Alabama grew its stake in shares of Clean Harbors by 0.4% in the third quarter. Retirement Systems of Alabama now owns 82,274 shares of the business services provider’s stock worth $25,524,000 after purchasing an additional 345 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent research reports. UBS Group raised Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $325.00 to $375.00 in a report on Wednesday, October 21st. Stifel Nicolaus increased their price target on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. William Blair cut Clean Harbors from an “outperform” rating to a “hold” rating in a research note on Wednesday, October 21st. Oppenheimer lifted their price objective on Clean Harbors from $361.00 to $362.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Finally, Weiss Ratings raised Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus price target of $365.29.

Insider Buying and Selling

In other Clean Harbors news, Director Karyn Polito bought 125 shares of the stock in a transaction on Thursday, October 29th. The stock was acquired at an average cost of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the acquisition, the director owned 4,252 shares in the company, valued at $1,338,657.16. This trade represents a 3.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

CLH stock opened at $293.59 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.95 and a debt-to-equity ratio of 0.92. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 1.62 and a beta of 0.87. The company’s fifty day simple moving average is $311.57 and its 200 day simple moving average is $299.01. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.67. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.73 billion. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted $2.21 EPS. On average, analysts expect that Clean Harbors, Inc. will post 10.33 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc. provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance. The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.