99,201 Shares in Clean Harbors, Inc. $CLH Purchased by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 1st quarter, HoldingsChannel reports. The firm bought 99,201 shares of the business services provider’s stock, valued at approximately $28,444,000.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Clean Harbors by 5.4% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after purchasing an additional 53 shares during the period. SkyView Investment Advisors LLC increased its holdings in Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after buying an additional 53 shares during the period. US Bancorp DE increased its holdings in Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after buying an additional 54 shares during the period. Baird Financial Group Inc. raised its stake in Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after buying an additional 60 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its holdings in Clean Harbors by 6.9% during the fourth quarter. Acorn Wealth Advisors LLC now owns 1,007 shares of the business services provider’s stock worth $236,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 3.2%

NYSE:CLH opened at $299.21 on Thursday. The company has a market cap of $15.81 billion, a PE ratio of 40.54 and a beta of 0.87. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $293.57 and its two-hundred day moving average is $277.04.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $1.09 EPS. Clean Harbors’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts anticipate that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Analyst Upgrades and Downgrades

CLH has been the topic of several recent research reports. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Needham & Company LLC upped their price objective on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. TD Cowen boosted their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Stifel Nicolaus initiated coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

Insider Activity

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by 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.