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

Lecap Asset Management Ltd. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,787 shares of the business services provider's stock, valued at approximately $944,000.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after acquiring an additional 11,814 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Clean Harbors by 17.2% during the 4th 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 in the last quarter. Select Equity Group L.P. raised its stake in shares of Clean Harbors by 4.8% during the 4th 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 raised its stake in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after acquiring an additional 697,630 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of 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 worth $371,002,000 after acquiring an additional 13,167 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH stock traded up $0.83 during trading hours on Friday, hitting $231.08. The company's stock had a trading volume of 506,531 shares, compared to its average volume of 351,591. The company has a 50 day moving average of $224.42 and a 200 day moving average of $220.19. The stock has a market cap of $12.38 billion, a PE ratio of 32.01 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

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

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors 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 in the company, valued at $11,626,147.37. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the transaction, the director now owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock valued at $3,416,406 in the last ninety days. Insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.