Seeds Investor LLC Raises Stake in Clean Harbors, Inc. (NYSE:CLH)

Seeds Investor LLC lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,304 shares of the business services provider’s stock after purchasing an additional 156 shares during the period. Seeds Investor LLC’s holdings in Clean Harbors were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Rockefeller Capital Management L.P. purchased a new stake in Clean Harbors in the 4th quarter worth $12,704,000. Sterling Capital Management LLC boosted its stake in shares of Clean Harbors by 43.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,318 shares of the business services provider’s stock worth $764,000 after acquiring an additional 1,005 shares during the period. Treasurer of the State of North Carolina grew its position in shares of Clean Harbors by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 22,387 shares of the business services provider’s stock worth $5,152,000 after purchasing an additional 140 shares in the last quarter. Scotia Capital Inc. raised its stake in Clean Harbors by 0.4% during the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after purchasing an additional 59 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider’s stock worth $252,042,000 after purchasing an additional 9,595 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CLH. Robert W. Baird reduced their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial dropped their price objective 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. Finally, StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.40.

Clean Harbors Stock Up 3.2 %

Shares of NYSE:CLH opened at $200.20 on Monday. The firm has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. The business has a 50 day simple moving average of $206.23 and a two-hundred day simple moving average of $231.21. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business earned $1.82 EPS. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current 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.