Sycomore Asset Management Purchases 6,343 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sycomore Asset Management lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,830 shares of the business services provider’s stock after purchasing an additional 6,343 shares during the period. Sycomore Asset Management’s holdings in Clean Harbors were worth $4,239,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Steph & Co. increased its stake in shares of Clean Harbors by 4.7% in the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after purchasing an additional 66 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Clean Harbors by 2.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Clean Harbors by 34.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock worth $51,000 after acquiring an additional 78 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Clean Harbors by 13.3% in the 3rd quarter. CWM LLC now owns 843 shares of the business services provider’s stock worth $141,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CLH. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Truist Financial boosted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, Oppenheimer lifted their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus target price of $207.90.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock valued at $4,819,554 in the last three months. 6.60% of the stock is currently owned by company insiders.

Clean Harbors Trading Down 2.5 %

Clean Harbors stock traded down $5.02 during mid-day trading on Wednesday, reaching $196.00. 384,019 shares of the company traded hands, compared to its average volume of 320,959. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The firm’s 50 day moving average price is $192.02 and its 200 day moving average price is $175.57. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 28.20 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $129.70 and a 52-week high of $204.06.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 7.38 earnings per share for the current fiscal year.

About Clean Harbors

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.