Otter Creek Advisors LLC Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Otter Creek Advisors LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,055 shares of the business services provider’s stock after buying an additional 647 shares during the period. Clean Harbors comprises approximately 2.5% of Otter Creek Advisors LLC’s portfolio, making the stock its 25th largest position. Otter Creek Advisors LLC’s holdings in Clean Harbors were worth $3,881,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Moody National Bank Trust Division boosted its position in Clean Harbors by 1.0% during the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 47 shares during the period. Quent Capital LLC boosted its holdings in shares of Clean Harbors by 6.9% during the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after purchasing an additional 47 shares during the period. Fifth Third Bancorp increased its stake in shares of Clean Harbors by 10.5% during the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV increased its stake in shares of Clean Harbors by 1.1% during the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 51 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 52 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial raised 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. Oppenheimer raised their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $254.33.

Insider Activity

In other Clean Harbors news, insider Robert Speights sold 610 shares of the business’s stock in a transaction 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 sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was 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 in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock valued at $4,351,841 in the last 90 days. Company insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 1.0 %

Shares of CLH stock opened at $250.03 on Friday. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The firm has a fifty day moving average price of $249.68 and a 200-day moving average price of $234.66. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 32.56 and a beta of 1.20.

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

Clean Harbors Company 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.