Visualize Group LP Invests $27.61 Million in Clean Harbors, Inc. $CLH

Visualize Group LP acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 96,300 shares of the business services provider’s stock, valued at approximately $27,612,000. Clean Harbors accounts for about 11.4% of Visualize Group LP’s investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also recently made changes to their positions in CLH. Assetmark Inc. increased its stake in Clean Harbors by 8.9% during the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after buying an additional 35 shares during the period. SkyView Investment Advisors LLC boosted its position in Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after buying an additional 53 shares during the period. US Bancorp DE grew its stake 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 in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Clean Harbors by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after acquiring an additional 59 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Clean Harbors by 1.4% during the second 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 during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Stock Up 0.1%

Shares of NYSE CLH opened at $304.14 on Monday. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 41.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. The business has a 50-day moving average of $293.45 and a two-hundred day moving average of $286.68. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 8.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CLH. Stifel Nicolaus began coverage on Clean Harbors in a report on Friday, May 29th. They issued a “buy” rating and a $337.00 target price for the company. Robert W. Baird upped their price target on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Wells Fargo & Company increased their price target on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Truist Financial lifted their price objective on Clean Harbors from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen boosted their price objective on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $327.92.

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.