Twinbeech Capital LP Purchases New Position in Clean Harbors, Inc. (NYSE:CLH)

Twinbeech Capital LP purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,402 shares of the business services provider’s stock, valued at approximately $1,013,000.

Several other institutional investors have also bought and sold shares of the stock. Traynor Capital Management Inc. boosted its stake in Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after buying an additional 50 shares in the last quarter. Williamson Legacy Group LLC raised its position in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 53 shares during the last quarter. Deutsche Bank AG raised its position in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after purchasing an additional 56 shares during the last quarter. Scotia Capital Inc. raised its position in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock valued at $107,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLH. Oppenheimer cut their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Stifel Nicolaus cut their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Robert W. Baird boosted their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.67.

Clean Harbors Trading Down 2.3%

CLH stock opened at $228.10 on Thursday. The company has a market cap of $12.22 billion, a P/E ratio of 30.74 and a beta of 1.19. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $208.55 and a 200-day moving average of $225.35.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53% increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.

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.