Nicholas Investment Partners LP Has $8.08 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Nicholas Investment Partners LP boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,721 shares of the business services provider’s stock after acquiring an additional 397 shares during the quarter. Nicholas Investment Partners LP owned approximately 0.07% of Clean Harbors worth $8,078,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the 2nd quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in shares of Clean Harbors during the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Clean Harbors in the fourth quarter worth about $34,000. Finally, Creekmur Asset Management LLC bought a new position in Clean Harbors in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.3 %

NYSE CLH opened at $239.93 on Thursday. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.24. 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 $12.95 billion, a P/E ratio of 34.72 and a beta of 1.20. The stock’s 50-day moving average price is $233.62 and its 200-day moving average price is $215.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business posted $2.13 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLH. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC increased their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $242.40.

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.