Interchange Capital Partners LLC Buys New Shares in Clean Harbors, Inc. $CLH

Interchange Capital Partners LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,672 shares of the business services provider’s stock, valued at approximately $627,000.

A number of other large investors have also recently bought and sold shares of CLH. Certuity LLC lifted its stake in shares of Clean Harbors by 75.9% in the 4th quarter. Certuity LLC now owns 1,699 shares of the business services provider’s stock valued at $398,000 after purchasing an additional 733 shares during the period. M&T Bank Corp boosted its position in shares of Clean Harbors by 31.1% during the 4th quarter. M&T Bank Corp now owns 14,614 shares of the business services provider’s stock valued at $3,427,000 after purchasing an additional 3,463 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Clean Harbors by 7.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,952 shares of the business services provider’s stock worth $1,161,000 after purchasing an additional 335 shares during the period. Inscription Capital LLC increased its holdings in Clean Harbors by 72.8% in the fourth quarter. Inscription Capital LLC now owns 5,780 shares of the business services provider’s stock worth $1,355,000 after purchasing an additional 2,435 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC increased its holdings in Clean Harbors by 4.9% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 23,658 shares of the business services provider’s stock worth $5,547,000 after purchasing an additional 1,104 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,597 shares of company stock valued at $3,895,286. 5.00% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of CLH opened at $306.30 on Thursday. The business’s fifty day moving average is $293.39 and its 200 day moving average is $258.79. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The stock has a market cap of $16.33 billion, a P/E ratio of 42.07 and a beta of 0.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business posted $1.55 EPS. Clean Harbors’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors, Inc. will post 8.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Barclays boosted their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Oppenheimer increased their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, UBS Group raised their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

Clean Harbors Company Profile

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.