Oak Thistle LLC Acquires 5,778 Shares of Clean Harbors, Inc. $CLH

Key Points

• Oak Thistle LLC boosted its stake in Clean Harbors by 154.9% in Q4, buying an additional 5,778 shares to hold 9,509 shares worth about $2.23 million.
• Wall Street sentiment is broadly positive: the consensus is a "Moderate Buy" with an average price target of $299.27, and several firms have recently raised targets (e.g., Truist to $310, Citi to $302).
• Fundamentals show a modest quarter beat (EPS $1.62 vs. $1.59; revenue $1.50B vs. $1.46B), the stock trades near $299 with institutional ownership at 90.43%, while insiders sold about 13,597 shares (~$3.9M) in the last 90 days.

Oak Thistle LLC lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 154.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,509 shares of the business services provider's stock after purchasing an additional 5,778 shares during the quarter. Oak Thistle LLC's holdings in Clean Harbors were worth $2,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at $30,000. True Wealth Design LLC boosted its holdings in shares of Clean Harbors by 102.7% during the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider's stock worth $36,000 after buying an additional 77 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Clean Harbors during the 3rd quarter worth about $44,000. First Horizon Corp bought a new stake in shares of Clean Harbors during the 3rd quarter worth about $44,000. Finally, SJS Investment Consulting Inc. boosted its holdings in Clean Harbors by 2,985.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider's stock valued at $50,000 after purchasing an additional 209 shares during the period. 90.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLH has been the subject of a number of recent research reports. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 20th. Truist Financial upped their price target on shares of Clean Harbors from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Citigroup upped their price target on shares of Clean Harbors from $274.00 to $302.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $299.27.

Clean Harbors Stock Performance

Shares of CLH stock opened at $299.06 on Wednesday. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 41.08 and a beta of 0.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. Clean Harbors, Inc. has a 52 week low of $179.47 and a 52 week high of $302.25. The firm's 50-day simple moving average is $281.36 and its two-hundred day simple moving average is $250.91.

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

Insider Activity

In other Clean Harbors news, EVP Sharon M. Gabriel sold 3,540 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president owned 23,193 shares of the company's stock, valued at $6,542,049.51. This represents a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 4,683 shares of the firm's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the sale, the executive vice president directly owned 48,728 shares of the company's stock, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,597 shares of company stock worth $3,895,286. Corporate insiders own 5.60% of the company's stock.

About Clean Harbors

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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