Marshall Wace LLP Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

Marshall Wace LLP grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 537,274 shares of the business services provider’s stock after purchasing an additional 90,756 shares during the period. Marshall Wace LLP owned 1.00% of Clean Harbors worth $121,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLH. Wellington Management Group LLP boosted its position in Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Clean Harbors by 1.2% in the first quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after purchasing an additional 12,411 shares during the period. Clearbridge Investments LLC increased its stake in Clean Harbors by 9.4% in the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its position in Clean Harbors by 13.7% during the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider’s stock worth $110,965,000 after buying an additional 59,033 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH stock opened at $249.22 on Tuesday. The firm has a market cap of $13.44 billion, a P/E ratio of 36.07 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $251.65. The stock has a 50-day simple moving average of $236.79 and a 200-day simple moving average of $218.63.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $2.13 earnings per share. Clean Harbors’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 309 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CLH has been the subject of several recent analyst reports. Needham & Company LLC lifted their price target on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer upped their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Monday, September 16th. Finally, Truist Financial increased their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average target price of $242.40.

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.