Border to Coast Pensions Partnership Ltd Sells 10,000 Shares of Clean Harbors, Inc. $CLH

Key Points

• Border to Coast Pensions Partnership reduced its stake in Clean Harbors by 14.3%, selling 10,000 shares in Q4 and leaving it with 60,000 shares valued at about $14.09 million (≈0.11% of the company).
• Clean Harbors beat quarterly expectations with EPS of $1.62 vs. $1.59 and revenue of $1.50 billion vs. $1.46 billion, with revenue up 4.8% year‑over‑year.
• Institutional ownership is high at 90.43%, with some funds (e.g., Nordea) markedly increasing positions, while insiders sold about 13,597 shares (~$3.9M) over the last quarter; analysts maintain a consensus “Moderate Buy” with an average target of $308.09 and recent upgrades including Citi raising its target to $346.00.

Border to Coast Pensions Partnership Ltd reduced its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the business services provider's stock after selling 10,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.11% of Clean Harbors worth $14,094,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in Clean Harbors by 0.8% in the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider's stock worth $351,958,000 after buying an additional 12,452 shares during the period. Snyder Capital Management L P increased its position in Clean Harbors by 7.9% in the 3rd quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider's stock worth $266,706,000 after buying an additional 83,638 shares during the period. Bessemer Group Inc. increased its position in Clean Harbors by 8.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider's stock worth $254,908,000 after buying an additional 87,322 shares during the period. Nordea Investment Management AB increased its position in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider's stock worth $246,725,000 after buying an additional 569,388 shares during the period. Finally, First Trust Advisors LP increased its position in Clean Harbors by 18.5% in the 3rd quarter. First Trust Advisors LP now owns 651,685 shares of the business services provider's stock worth $151,334,000 after buying an additional 101,509 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

CLH opened at $296.32 on Thursday. The stock has a market cap of $15.80 billion, a PE ratio of 40.70 and a beta of 0.94. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98. The stock's 50 day simple moving average is $286.43 and its 200-day simple moving average is $253.64.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.Clean Harbors's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.55 earnings per share. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent analyst reports. Citigroup raised Clean Harbors from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. TD Cowen restated a "buy" rating on shares of Clean Harbors in a research report on Thursday, February 19th. Zacks Research upgraded Clean Harbors from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Finally, Weiss Ratings cut Clean Harbors from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $308.09.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 4,683 shares of the business's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares of the company's stock, valued at $14,296,307.92. The trade was a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the sale, the executive vice president directly owned 23,193 shares in the company, valued at approximately $6,542,049.51. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,597 shares of company stock worth $3,895,286 over the last quarter. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Profile

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.

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.