Aster Capital Management DIFC Ltd Acquires New Shares in Clean Harbors, Inc. $CLH

Aster Capital Management DIFC Ltd acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,526 shares of the business services provider’s stock, valued at approximately $587,000.

Several other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in shares of Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after purchasing an additional 87,322 shares during the last quarter. Norges Bank acquired a new stake in Clean Harbors during the 2nd quarter worth approximately $147,632,000. First Trust Advisors LP grew its holdings in Clean Harbors by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock worth $127,190,000 after acquiring an additional 14,865 shares during the last quarter. Nordea Investment Management AB acquired a new position in Clean Harbors in the 3rd quarter valued at approximately $108,608,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Clean Harbors by 14.6% during the second quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock valued at $97,795,000 after acquiring an additional 53,828 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. The trade was a 14.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the sale, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 7,679 shares of company stock worth $2,132,403. 5.60% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $292.13 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $293.11. The stock’s 50 day moving average is $259.13 and its 200-day moving average is $241.43. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 40.13 and a beta of 0.96.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates 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. Clean Harbors’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CLH. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. TD Cowen reaffirmed a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, The Goldman Sachs Group upped their target price on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $292.18.

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.