Jupiter Asset Management Ltd. Sells 19,314 Shares of Clean Harbors, Inc. $CLH

Jupiter Asset Management Ltd. cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 15.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,284 shares of the business services provider’s stock after selling 19,314 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.20% of Clean Harbors worth $24,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Clean Harbors during the third quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position in Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Clean Harbors during the 3rd quarter valued at approximately $44,000. First Horizon Corp purchased a new position in shares of Clean Harbors during the 3rd quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Clean Harbors by 2,985.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock worth $50,000 after acquiring an additional 209 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 1.1%

Shares of NYSE:CLH opened at $284.30 on Friday. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 39.05 and a beta of 0.96. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $288.81. The company has a current ratio of 2.33, a quick ratio of 2.09 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $255.42 and a 200 day moving average price of $240.18.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.55 earnings per share. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Key Headlines Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Q4 results beat expectations — Clean Harbors reported stronger-than-expected Q4 revenue and EPS (record revenue cited) and management highlighted PFAS-related growth and ongoing operational investments, which underpins the upbeat near-term narrative. Q4 Earnings Transcript
• Positive Sentiment: Analysts lifting targets — Needham raised its price target to $308 and maintained a Buy rating after strong Q4 results, signaling institutional confidence in earnings momentum. Needham Price Target Raise
• Positive Sentiment: Wells Fargo raised its price target to $291 (Equal Weight), reflecting revised valuations after the earnings print. This adds incremental analyst support to the stock. Wells Fargo Price Target
• Positive Sentiment: Acquisition announced — Clean Harbors agreed to buy Depot Connect International’s Industrial and Rail Services business for about $130M, expanding industrial services exposure and potentially accelerating revenue/EBITDA contribution. Depot Connect Acquisition
• Neutral Sentiment: Investor outreach — Clean Harbors will present at the Raymond James conference on March 3, offering additional management access that could clarify strategy and guide sentiment. Conference Participation
• Neutral Sentiment: Analyst/valuation coverage and deep dives — Several post-earnings write-ups explore CLH’s valuation, buybacks, fleet investment and PFAS growth; useful for investors but not immediate catalysts. Valuation Analysis
• Negative Sentiment: Insider selling — Multiple senior insiders sold stock this week: Director John R. Welch sold 750 shares (SEC filing), CFO Eric Dugas sold 2,788 shares (~14.9% reduction in his position), and EVP Sharon Gabriel sold 3,540 shares (~13.2% reduction). Large insider sales can signal portfolio rebalancing or raise governance/conviction questions. Welch SEC Filing Dugas SEC Filing Gabriel SEC Filing
• Negative Sentiment: Mixed/Lower analyst estimates from Zacks — Zacks cut several near-term and FY estimates (including FY2027 down notably), which could temper expectations and limit upside until guidance clarity is provided.

Insider Activity

In related news, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,679 shares of company stock valued at $2,132,403 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CLH. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group increased their price objective on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Truist Financial boosted their target price on shares of Clean Harbors from $250.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets upped their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price target on shares of Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.09.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.