GSA Capital Partners LLP Buys New Holdings in Clean Harbors, Inc. (NYSE:CLH)

GSA Capital Partners LLP acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,780 shares of the business services provider’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB raised its holdings in Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC increased its position in shares of Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after acquiring an additional 18,058 shares during the period. Bridges Investment Management Inc. bought a new position in shares of Clean Harbors during the second quarter valued at about $729,000. Advisor Resource Council bought a new stake in shares of Clean Harbors in the third quarter worth about $926,000. Finally, Northcape Capital Pty Ltd purchased a new position in Clean Harbors during the 3rd quarter valued at about $2,324,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC reduced their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors Trading Down 1.3 %

Shares of NYSE CLH opened at $247.39 on Monday. The stock has a market cap of $13.33 billion, a P/E ratio of 32.21 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The firm has a 50-day moving average of $249.02 and a 200 day moving average of $233.92.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $1.68 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,227 shares of company stock valued at $2,759,617. Insiders own 5.90% of the company’s stock.

About Clean Harbors

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.