Hood River Capital Management LLC Raises Position in Clean Harbors, Inc. (NYSE:CLH)

Hood River Capital Management LLC raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 475,285 shares of the business services provider’s stock after buying an additional 23,222 shares during the period. Clean Harbors comprises 2.2% of Hood River Capital Management LLC’s portfolio, making the stock its 6th biggest position. Hood River Capital Management LLC owned about 0.88% of Clean Harbors worth $107,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Clean Harbors during the 4th quarter worth about $87,074,000. Lazard Freres Gestion S.A.S. bought a new position in shares of Clean Harbors in the second quarter worth about $42,968,000. Wellington Management Group LLP lifted its position in shares of 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 in the last quarter. DAVENPORT & Co LLC grew its stake in shares of Clean Harbors by 93.1% during 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 last quarter. Finally, Spirepoint Private Client LLC acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $16,594,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the subject of several research reports. Oppenheimer lifted their target price on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial lifted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Robert W. Baird increased their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $242.40.

Insider Activity at Clean Harbors

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

Clean Harbors Trading Down 0.2 %

CLH opened at $246.88 on Monday. The firm’s fifty day moving average is $236.37 and its two-hundred day moving average is $218.22. The firm has a market cap of $13.32 billion, a PE ratio of 35.73 and a beta of 1.20. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $247.74. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Clean Harbors Profile

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.