Baker Avenue Asset Management LP Makes New Investment in Clean Harbors, Inc. $CLH

Baker Avenue Asset Management LP acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,940 shares of the business services provider’s stock, valued at approximately $689,000.

Other hedge funds have also recently bought and sold shares of the company. Candriam S.C.A. increased its holdings in shares of Clean Harbors by 36.4% in the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after acquiring an additional 18,367 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Clean Harbors by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after acquiring an additional 15,872 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Clean Harbors by 57.4% in the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after acquiring an additional 22,827 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Clean Harbors by 86.0% in the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after acquiring an additional 29,176 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Clean Harbors by 2.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock worth $86,963,000 after acquiring an additional 8,145 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent analyst reports. Barclays increased their price target on Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. BMO Capital Markets increased their price target on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. The Goldman Sachs Group increased their price objective on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Finally, Robert W. Baird increased their price objective on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors Stock Performance

CLH opened at $281.35 on Friday. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 38.12 and a beta of 0.92. The business has a 50 day moving average of $295.28 and a 200-day moving average of $267.99. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the sale, the executive vice president directly owned 48,728 shares of the company’s stock, valued at $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 789 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 7,308 shares of company stock valued at $2,133,467. Corporate insiders own 5.00% of the company’s stock.

More Clean Harbors News

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

• Positive Sentiment: Stifel Nicolaus initiated coverage of Clean Harbors with a Buy rating and a $337 price target, suggesting further upside potential for CLH.
• Positive Sentiment: Zacks Research raised its earnings forecasts for several upcoming quarters and full-year periods, including FY2026 and FY2027, reinforcing a more favorable outlook for earnings power.
• Positive Sentiment: The company’s prior quarterly results beat EPS expectations, which continues to support investor confidence in Clean Harbors’ operating performance.
• Neutral Sentiment: One Zacks estimate for Q1 2028 was slightly lowered, though the change was minimal and does not materially offset the broader round of estimate increases.
• Negative Sentiment: Director Lauren States sold 789 shares in a recent insider transaction, which may create a modest headwind for sentiment, although the sale was relatively small.

Clean Harbors 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.