Border to Coast Pensions Partnership Ltd Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Border to Coast Pensions Partnership Ltd bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the business services provider’s stock, valued at approximately $4,600,000.

Several other hedge funds have also made changes to their positions in CLH. UMB Bank n.a. lifted its position in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after acquiring an additional 83 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors during the second quarter worth $56,000. Prospera Private Wealth LLC purchased a new position in Clean Harbors in the 3rd quarter valued at $56,000. CENTRAL TRUST Co grew its position in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CLH shares. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird reduced their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday. Oppenheimer increased their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $269.44.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,446 shares of company stock valued at $2,112,800. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 1.0 %

NYSE:CLH opened at $239.47 on Friday. The company has a market capitalization of $12.91 billion, a PE ratio of 31.18 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $162.62 and a 52-week high of $267.11. The stock has a fifty day simple moving average of $242.84 and a 200-day simple moving average of $240.86. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Clean Harbors 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.