Oak Thistle LLC Makes New $678,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Oak Thistle LLC bought a new position in Clean Harbors, Inc. (NYSE:CLHFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,884 shares of the business services provider’s stock, valued at approximately $678,000.

A number of other large investors have also recently bought and sold shares of the business. Select Equity Group L.P. acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $114,248,000. Norges Bank acquired a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $66,014,000. Deutsche Bank AG increased its stake in shares of Clean Harbors by 3,711.0% in the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after purchasing an additional 270,009 shares during the period. Scout Investments Inc. acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $30,737,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $20,325,000. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CLH. Needham & Company LLC raised their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets raised their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Wells Fargo & Company initiated coverage on shares of Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 price objective on the stock. Truist Financial raised their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $196.00.

Read Our Latest Analysis on Clean Harbors

Clean Harbors Trading Down 0.8 %

Shares of NYSE:CLH opened at $195.45 on Wednesday. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 28.12 and a beta of 1.24. Clean Harbors, Inc. has a 1-year low of $129.70 and a 1-year high of $202.58. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. The company has a 50 day moving average price of $184.74 and a 200 day moving average price of $172.15.

Clean Harbors (NYSE:CLHGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business posted $1.44 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,185 shares of company stock valued at $4,819,554. Company insiders own 6.60% of the company’s stock.

About Clean Harbors

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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