Chicago Partners Investment Group LLC Grows Position in Clean Harbors, Inc. $CLH

Chicago Partners Investment Group LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 122.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,222 shares of the business services provider’s stock after purchasing an additional 1,773 shares during the period. Chicago Partners Investment Group LLC’s holdings in Clean Harbors were worth $836,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CLH. Durable Capital Partners LP purchased a new position in shares of Clean Harbors during the 3rd quarter worth about $133,217,000. Nordea Investment Management AB lifted its holdings in Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares in the last quarter. Two Sigma Investments LP lifted its holdings in Clean Harbors by 148.3% during the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after buying an additional 229,666 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Clean Harbors during the 3rd quarter valued at about $28,925,000. Finally, Shannon River Fund Management LLC bought a new stake in Clean Harbors during the 3rd quarter valued at about $26,907,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 0.4%

NYSE:CLH opened at $307.60 on Tuesday. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The firm has a market cap of $16.40 billion, a P/E ratio of 42.25 and a beta of 0.94. The firm has a 50-day simple moving average of $292.03 and a 200-day simple moving average of $257.95.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Clean Harbors, Inc. will post 8.25 EPS for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Truist Financial lifted their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $302.00 to $346.00 in a report on Wednesday, April 8th. Finally, Robert W. Baird lifted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $314.00.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the sale, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the sale, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This represents a 14.13% decrease in their position. 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. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Company Profile

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.