Waterloo Capital L.P. Acquires New Position in Clean Harbors, Inc. (NYSE:CLH)

Waterloo Capital L.P. bought a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 890 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Clean Harbors in the fourth quarter worth about $87,074,000. Lazard Freres Gestion S.A.S. acquired a new stake in Clean Harbors in the 2nd quarter worth approximately $42,968,000. Wellington Management Group LLP boosted its position in Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares during the period. DAVENPORT & Co LLC raised its position in shares of Clean Harbors by 93.1% in the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after purchasing an additional 127,498 shares during the period. Finally, Spirepoint Private Client LLC acquired a new stake in shares of Clean Harbors in the first quarter worth $16,594,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

CLH has been the topic of several recent analyst reports. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Monday. Robert W. Baird increased their target price on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial lifted their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Oppenheimer boosted their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $242.40.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Clean Harbors news, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 3.1 %

Shares of CLH stock opened at $247.27 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.34 billion, a P/E ratio of 35.78 and a beta of 1.20. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $247.74. The firm has a 50-day moving average price of $235.55 and a 200 day moving average price of $217.18.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $2.13 EPS. Clean Harbors’s revenue was up 10.9% compared to the same quarter last year. Research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal 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.