Anthracite Investment Company Inc. Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Anthracite Investment Company Inc. purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,000 shares of the business services provider’s stock, valued at approximately $1,692,000.

Other hedge funds have also modified their holdings of the company. Moody National Bank Trust Division lifted its holdings in Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after buying an additional 47 shares in the last quarter. Quent Capital LLC boosted its holdings in Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 47 shares during the last quarter. Fifth Third Bancorp increased its position in Clean Harbors by 10.5% in the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after purchasing an additional 50 shares during the period. MJP Associates Inc. ADV increased its position in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares during the period. Finally, Signaturefd LLC raised its holdings in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $246.62 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 32.11 and a beta of 1.20. The company’s 50 day simple moving average is $249.34 and its 200 day simple moving average is $234.46.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company 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 posted $1.68 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC reduced their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Truist Financial upped their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $254.33.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 in the last quarter. 5.90% of the stock is owned by insiders.

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.