Point72 Asia Singapore Pte. Ltd. Makes New $407,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,682 shares of the business services provider’s stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CLH. Point72 Hong Kong Ltd acquired a new position in Clean Harbors in the third quarter valued at about $4,629,000. Edgestream Partners L.P. acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $4,322,000. Captrust Financial Advisors boosted its stake in Clean Harbors by 33.3% during the 3rd quarter. Captrust Financial Advisors now owns 5,087 shares of the business services provider’s stock worth $1,230,000 after acquiring an additional 1,272 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 45 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Price Performance

Shares of CLH opened at $255.13 on Tuesday. The company has a 50 day moving average of $251.34 and a 200-day moving average of $236.91. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.75 billion, a P/E ratio of 33.37 and a beta of 1.20. Clean Harbors, Inc. has a twelve month low of $161.39 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,447 shares of company stock valued at $4,576,829. Insiders own 5.90% of the company’s stock.

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.