Renaissance Technologies LLC Sells 70,302 Shares of Clean Harbors, Inc. (NYSE:CLH)

Renaissance Technologies LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 56.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,333 shares of the business services provider’s stock after selling 70,302 shares during the quarter. Renaissance Technologies LLC owned approximately 0.10% of Clean Harbors worth $12,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CLH. Grayhawk Investment Strategies Inc. bought a new position in Clean Harbors in the 4th quarter worth $732,000. Capstone Investment Advisors LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth about $691,000. Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Clean Harbors during the 1st quarter worth about $14,161,000. Perpetual Ltd boosted its stake in Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages have recently commented on CLH. Oppenheimer upped their price target on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC upped their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Stock Performance

NYSE CLH opened at $246.88 on Monday. The stock has a market cap of $13.32 billion, a P/E ratio of 35.73 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $247.74. The company’s 50-day simple moving average is $236.37 and its 200 day simple moving average is $218.22.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business 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 EPS. Clean Harbors’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

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.