Kera Capital Partners Inc. Makes New $781,000 Investment in Clean Harbors, Inc. $CLH

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

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Norges Bank purchased a new stake in shares of Clean Harbors in the fourth quarter valued at about $152,195,000. Durable Capital Partners LP purchased a new position in Clean Harbors during the third quarter worth about $133,217,000. Nordea Investment Management AB raised its stake in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares during the period. Two Sigma Investments LP boosted its holdings in Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH opened at $288.82 on Friday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The stock has a market cap of $15.26 billion, a PE ratio of 39.14 and a beta of 0.87. The firm has a 50-day simple moving average of $294.19 and a two-hundred day simple moving average of $275.55. 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:CLHGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts forecast that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CLH. Wall Street Zen downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upped 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. Needham & Company LLC increased their price objective on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group raised their target price on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Finally, Oppenheimer lifted their target price on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $323.23.

View Our Latest Stock Report on CLH

About Clean Harbors

(Free Report)

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.

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

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