Y.D. More Investments Ltd Invests $524,000 in Clean Harbors, Inc. $CLH

Y.D. More Investments Ltd purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,826 shares of the business services provider’s stock, valued at approximately $524,000.

A number of other institutional investors have also recently modified their holdings of CLH. Norges Bank acquired a new position in Clean Harbors during the fourth quarter worth $152,195,000. Durable Capital Partners LP purchased a new position in Clean Harbors in the third quarter worth $133,217,000. Nordea Investment Management AB lifted its holdings in Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after acquiring an additional 569,388 shares during the period. Two Sigma Investments LP lifted its holdings in Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after acquiring an additional 229,666 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 10.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 0.1%

NYSE:CLH opened at $303.97 on Tuesday. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $291.84 and a 200-day simple moving average of $282.42. The company has a market capitalization of $16.06 billion, a PE ratio of 41.19 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors, Inc. will post 8.51 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CLH shares. Oppenheimer upped their price target on shares of Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Robert W. Baird raised their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Barclays boosted their price objective on shares of Clean Harbors from $304.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Needham & Company LLC upped their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $326.00.

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.