Border to Coast Pensions Partnership Ltd Purchases 55,000 Shares of Clean Harbors, Inc. (NYSE:CLH)

Border to Coast Pensions Partnership Ltd grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 275.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 75,000 shares of the business services provider's stock after purchasing an additional 55,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.14% of Clean Harbors worth $14,782,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CLH. Deutsche Bank AG boosted its stake in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Clean Harbors in the first quarter worth about $202,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Clean Harbors by 39.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,846 shares of the business services provider's stock worth $425,000 after buying an additional 523 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Clean Harbors by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock valued at $44,697,000 after acquiring an additional 6,313 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 1.1%

Clean Harbors stock opened at $230.89 on Friday. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The stock has a fifty day moving average of $223.94 and a 200 day moving average of $220.67. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The stock has a market cap of $12.37 billion, a PE ratio of 31.98 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the business earned $1.29 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the transaction, the chief executive officer now owns 51,619 shares of the company's stock, valued at $11,626,147.37. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John R. Welch sold 1,250 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the transaction, the director now owns 11,402 shares of the company's stock, valued at $2,605,471.02. The trade was a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,112 shares of company stock worth $3,416,406. Corporate insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLH. Robert W. Baird boosted their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Truist Financial decreased their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, UBS Group dropped their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Company Profile

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.

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