Nicholas Investment Partners LP Acquires 857 Shares of Clean Harbors, Inc. (NYSE:CLH)

Nicholas Investment Partners LP lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 45,090 shares of the business services provider’s stock after purchasing an additional 857 shares during the period. Nicholas Investment Partners LP’s holdings in Clean Harbors were worth $10,377,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC lifted its position in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after buying an additional 8,639 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Clean Harbors in the fourth quarter valued at about $846,000. Assenagon Asset Management S.A. bought a new stake in Clean Harbors during the fourth quarter worth about $8,100,000. Redhawk Wealth Advisors Inc. boosted its position in Clean Harbors by 6.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 12,230 shares of the business services provider’s stock valued at $2,815,000 after purchasing an additional 765 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd acquired a new position in Clean Harbors during the fourth quarter valued at approximately $4,600,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.1%

Shares of CLH opened at $228.66 on Wednesday. The firm has a market cap of $12.25 billion, a P/E ratio of 30.82 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The firm’s 50-day simple moving average is $203.97 and its 200 day simple moving average is $225.76.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. 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 the consensus estimate of $1.44 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Needham & Company LLC dropped their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Truist Financial lowered their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $257.67.

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.