Cloverfields Capital Group LP Makes New Investment in Clean Harbors, Inc. $CLH

Cloverfields Capital Group LP bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the first quarter, Holdings Channel reports. The institutional investor bought 3,218 shares of the business services provider’s stock, valued at approximately $923,000.

Several other hedge funds have also made changes to their positions in CLH. SG Americas Securities LLC boosted its holdings in Clean Harbors by 57.4% in the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after acquiring an additional 22,827 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Clean Harbors by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after acquiring an additional 8,145 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its position in shares of Clean Harbors by 94.4% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 8,252 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Clean Harbors in the 4th quarter worth approximately $938,000. Finally, Tudor Investment Corp ET AL boosted its stake in Clean Harbors by 86.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after purchasing an additional 29,176 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $306.18 on Friday. The company has a 50 day simple moving average of $293.43 and a two-hundred day simple moving average of $286.26. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 41.49 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98.

Clean Harbors (NYSE:CLH) last posted its 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 8.59 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the topic of a number of recent analyst reports. Oppenheimer upped their price target on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. UBS Group boosted their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Truist Financial raised their target price on Clean Harbors from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, TD Cowen lifted their price target on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.92.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Clean Harbors 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.