Baker Avenue Asset Management LP Makes New $689,000 Investment in Clean Harbors, Inc. $CLH

Baker Avenue Asset Management LP acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,940 shares of the business services provider’s stock, valued at approximately $689,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after acquiring an additional 12,452 shares during the period. Snyder Capital Management L P increased its stake in Clean Harbors by 7.9% during the 3rd quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after acquiring an additional 83,638 shares during the period. Bessemer Group Inc. increased its stake in Clean Harbors by 8.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after acquiring an additional 87,322 shares during the period. Nordea Investment Management AB increased its stake in shares of Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Clean Harbors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after purchasing an additional 11,020 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

CLH has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Barclays lifted their price target on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. Weiss Ratings lowered Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company raised their price objective on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Stock Up 0.2%

Shares of CLH opened at $281.35 on Friday. The company has a market capitalization of $14.87 billion, a PE ratio of 38.12 and a beta of 0.92. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The stock’s 50-day moving average price is $295.28 and its two-hundred day moving average price is $267.99. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Trending Headlines about Clean Harbors

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.

Insider Buying and Selling

In other news, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. The trade was a 14.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 4,683 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the transaction, the executive vice president directly owned 48,728 shares in the company, valued at $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,308 shares of company stock valued at $2,133,467 over the last 90 days. 5.00% of the stock is owned by corporate insiders.

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.