Wolverine Asset Management LLC Invests $698,000 in Clean Harbors, Inc. (NYSE:CLH)

Wolverine Asset Management LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,000 shares of the business services provider’s stock, valued at approximately $698,000.

A number of other institutional investors and hedge funds have also modified their holdings of CLH. Millburn Ridgefield Corp purchased a new stake in shares of Clean Harbors during the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in Clean Harbors during the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new stake in Clean Harbors during the 4th quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Clean Harbors during the 3rd quarter valued at about $33,000. Finally, Blue Trust Inc. grew its stake in Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock worth $4,819,554 in the last ninety days. 6.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on CLH shares. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Robert W. Baird increased their price target on shares of Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Truist Financial increased their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, Needham & Company LLC increased their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $207.90.

Clean Harbors Stock Performance

Shares of CLH stock opened at $193.98 on Friday. The firm’s 50 day moving average price is $192.35 and its 200-day moving average price is $175.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. Clean Harbors, Inc. has a one year low of $129.70 and a one year high of $204.06. The firm has a market cap of $10.60 billion, a P/E ratio of 27.91 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.4 EPS for the current year.

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.