Clean Harbors, Inc. $CLH Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 86.0% in the third quarter, Holdings Channel reports. The institutional investor owned 63,104 shares of the business services provider’s stock after acquiring an additional 29,176 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Clean Harbors were worth $14,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Durable Capital Partners LP bought a new position in Clean Harbors during the 3rd quarter valued at $133,217,000. Nordea Investment Management AB bought a new stake in shares of Clean Harbors in the 3rd quarter worth about $108,608,000. Two Sigma Investments LP raised its stake in shares of Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Clean Harbors during the third quarter worth about $28,925,000. Finally, Shannon River Fund Management LLC bought a new position in shares of Clean Harbors during the third quarter worth about $26,907,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

CLH opened at $297.18 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $279.80 and its 200 day moving average price is $249.92. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $299.55. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 40.82 and a beta of 0.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.Clean Harbors’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marcy L. Reed sold 836 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

CLH has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. UBS Group upped their price target on Clean Harbors from $240.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Finally, TD Cowen restated a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $299.27.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.