Sycomore Asset Management Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Sycomore Asset Management lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 87.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,437 shares of the business services provider’s stock after acquiring an additional 14,677 shares during the quarter. Sycomore Asset Management owned 0.06% of Clean Harbors worth $7,648,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in Clean Harbors by 21.2% in the second quarter. Creative Planning now owns 2,839 shares of the business services provider’s stock valued at $642,000 after acquiring an additional 496 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at about $305,000. SG Americas Securities LLC boosted its holdings in Clean Harbors by 108.1% during the third quarter. SG Americas Securities LLC now owns 2,824 shares of the business services provider’s stock worth $683,000 after buying an additional 37,817 shares in the last quarter. GAMMA Investing LLC grew its position in Clean Harbors by 34.8% during the third quarter. GAMMA Investing LLC now owns 562 shares of the business services provider’s stock worth $136,000 after buying an additional 145 shares during the period. Finally, CWM LLC increased its holdings in Clean Harbors by 76.2% in the third quarter. CWM LLC now owns 2,380 shares of the business services provider’s stock valued at $575,000 after buying an additional 1,029 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,836 shares of company stock worth $1,966,314. Insiders own 5.90% of the company’s stock.

Clean Harbors Trading Down 1.2 %

NYSE CLH opened at $234.09 on Monday. The company has a 50-day moving average of $237.56 and a 200-day moving average of $242.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $176.02 and a 12 month high of $267.11. The company has a market cap of $12.62 billion, a P/E ratio of 30.48 and a beta of 1.24.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CLH shares. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, January 16th. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Stifel Nicolaus lifted their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $269.44.

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.