5 Stock Picks of Michael O Keefe’s 12th Street Asset Management

4. Clean Harbors, Inc. (NYSE:CLH)

12th Street Asset Management’s Stake Value: $33 million

Percentage of 12th Street Asset Management’s 13F Portfolio: 7.3%

Number of hedge fund holdings: 24

Clean Harbors, Inc. (NYSE:CLH) is a collector and disposer of hazardous and non-hazardous waste in the United States. It also provides industrial equipment.

At the end of its third quarter, Clean Harbors, Inc. (NYSE:CLH) reported $951 million in revenue and $1.20 in GAAP EPS, beating analyst estimates for both. BMO Capital increased the company’s price target to $124 in an October 2021 analyst note, indicating that two new deals will add revenue and that Clean Harbors, Inc. (NYSE:CLH) is set to benefit from growth in industrial production.

Mr. O’Keefe’s 12th Street held 318,438 Clean Harbors, Inc. (NYSE:CLH) shares by the end of the third quarter of 2021. These are worth $33 million and represent 7.3% of the firm’s portfolio. By Q3 2021 end, 24 of the 867 hedge funds surveyed by Insider Monkey held a stake in the company.