Kera Capital Partners Inc. Invests $781,000 in Clean Harbors, Inc. $CLH

Kera Capital Partners Inc. bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,003 shares of the business services provider’s stock, valued at approximately $781,000.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Clean Harbors by 5.4% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after buying an additional 53 shares during the period. SkyView Investment Advisors LLC raised its position in shares of Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares during the period. US Bancorp DE raised its position in shares of Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after acquiring an additional 54 shares during the period. Baird Financial Group Inc. boosted its stake in shares of Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of Clean Harbors by 6.9% during the 4th quarter. Acorn Wealth Advisors LLC now owns 1,007 shares of the business services provider’s stock worth $236,000 after acquiring an additional 65 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CLH. Needham & Company LLC lifted their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. UBS Group increased their price target on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Truist Financial raised their price objective on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 price objective on shares of Clean Harbors in a research report on Monday, February 23rd. Finally, TD Cowen upped their target price on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Two equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

Clean Harbors Price Performance

Clean Harbors stock opened at $288.82 on Friday. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 39.14 and a beta of 0.87. The company has a fifty day simple moving average of $294.19 and a 200-day simple moving average of $275.55. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

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

Clean Harbors Company 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.