Chesapeake Capital Corp IL Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Chesapeake Capital Corp IL acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 5,353 shares of the business services provider’s stock, valued at approximately $934,000.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in Clean Harbors by 5.6% during the 3rd quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after buying an additional 75,038 shares during the period. Clearbridge Investments LLC raised its stake in Clean Harbors by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock valued at $129,242,000 after purchasing an additional 38,171 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after purchasing an additional 67,809 shares in the last quarter. Norges Bank acquired a new position in Clean Harbors in the fourth quarter valued at about $87,074,000. Finally, Federated Hermes Inc. raised its stake in Clean Harbors by 1.1% in the third quarter. Federated Hermes Inc. now owns 470,192 shares of the business services provider’s stock valued at $78,691,000 after purchasing an additional 5,213 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.2 %

Shares of NYSE:CLH traded up $2.59 during midday trading on Friday, hitting $217.85. 207,960 shares of the stock were exchanged, compared to its average volume of 305,106. The business’s 50-day moving average price is $201.97 and its 200 day moving average price is $183.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 31.53 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $218.72.

Clean Harbors (NYSE:CLHGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.36 earnings per share. Analysts predict that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold a total of 32,533 shares of company stock valued at $6,364,167 over the last ninety days. 5.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CLH shares. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a research report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Clean Harbors in a research report on Monday, April 22nd. Oppenheimer lifted their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $216.40.

Read Our Latest Research Report on CLH

About Clean Harbors

(Free Report)

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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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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