NEOS Investment Management LLC Increases Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

NEOS Investment Management LLC grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 22.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,699 shares of the business services provider’s stock after purchasing an additional 5,329 shares during the period. NEOS Investment Management LLC owned about 0.05% of Clean Harbors worth $6,605,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLH. Raymond James Financial Inc. purchased a new stake in shares of Clean Harbors during the fourth quarter worth $57,956,000. FMR LLC grew its stake in Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP increased its holdings in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. Allianz Asset Management GmbH raised its position in Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after purchasing an additional 99,591 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at about $16,525,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CLH shares. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets lowered their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird lowered their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus target price of $266.56.

Clean Harbors Stock Up 0.1 %

Shares of NYSE CLH opened at $199.57 on Friday. The business has a 50-day moving average price of $217.75 and a 200 day moving average price of $235.69. The stock has a market cap of $10.75 billion, a PE ratio of 26.90 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. Equities research analysts forecast 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 bought 1,050 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,341 shares of company stock valued at $663,041. Insiders own 5.90% of the company’s stock.

About Clean Harbors

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.