Lecap Asset Management Ltd. Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Lecap Asset Management Ltd. purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 4,787 shares of the business services provider's stock, valued at approximately $944,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Clean Harbors by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after acquiring an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the sale, the director now owns 2,978 shares of the company's stock, valued at $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president now directly owns 54,548 shares of the company's stock, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,112 shares of company stock valued at $3,416,406. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial cut their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group reduced their price objective 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 target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $0.83 during trading hours on Friday, reaching $231.08. The company's stock had a trading volume of 506,531 shares, compared to its average volume of 352,360. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The company's 50 day simple moving average is $224.42 and its 200 day simple moving average is $220.60. 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 $12.38 billion, a P/E ratio of 32.01 and a beta of 1.17.

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

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.