Telemark Asset Management LLC Has $18.76 Million Stock Position in Clean Harbors, Inc. $CLH

Telemark Asset Management LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 27.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,000 shares of the business services provider’s stock after selling 30,000 shares during the period. Clean Harbors makes up about 1.9% of Telemark Asset Management LLC’s holdings, making the stock its 14th biggest position. Telemark Asset Management LLC’s holdings in Clean Harbors were worth $18,758,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Candriam S.C.A. raised its position in Clean Harbors by 36.4% during the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after buying an additional 18,367 shares during the period. JPMorgan Chase & Co. raised its position in Clean Harbors by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock valued at $51,059,000 after buying an additional 15,872 shares during the period. SG Americas Securities LLC raised its position in Clean Harbors by 57.4% during the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after buying an additional 22,827 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Clean Harbors by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after buying an additional 8,145 shares during the period. Finally, Tudor Investment Corp ET AL raised its position in Clean Harbors by 86.0% during the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after buying an additional 29,176 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,308 shares of company stock valued at $2,133,467. Company insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Needham & Company LLC boosted their target price on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their target price on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Robert W. Baird boosted their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, BMO Capital Markets boosted their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.23.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $283.25 on Friday. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The business has a 50-day moving average of $295.05 and a two-hundred day moving average of $270.65. The stock has a market capitalization of $14.97 billion, a P/E ratio of 38.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

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

About Clean Harbors

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.