Syon Capital LLC Acquires 2,965 Shares of Clean Harbors, Inc. $CLH

Syon Capital LLC increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 235.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,226 shares of the business services provider’s stock after purchasing an additional 2,965 shares during the quarter. Syon Capital LLC’s holdings in Clean Harbors were worth $991,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CLH. Norges Bank bought a new stake in Clean Harbors during the 4th quarter worth approximately $152,195,000. Durable Capital Partners LP bought a new stake in Clean Harbors during the 3rd quarter worth approximately $133,217,000. Nordea Investment Management AB increased its stake in Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares in the last quarter. Two Sigma Investments LP increased its stake in Clean Harbors by 148.3% during the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after purchasing an additional 229,666 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Clean Harbors during the 3rd quarter worth approximately $28,925,000. 90.43% of the stock is owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares in the company, valued at $11,390,961. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares in the company, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,308 shares of company stock worth $2,133,467. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CLH. Oppenheimer increased their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. The Goldman Sachs Group increased their target price on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Truist Financial increased their target price on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus assumed coverage on Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 target price for the company. Finally, Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

Clean Harbors Trading Down 1.7%

NYSE:CLH opened at $278.33 on Tuesday. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $294.96 and a two-hundred day moving average price of $271.63. The company has a market cap of $14.71 billion, a P/E ratio of 37.71 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that Clean Harbors, Inc. will post 8.5 EPS for the current fiscal year.

Clean Harbors Profile

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.