D1 Capital Partners L.P. 13F: Cuts CLH Stake by $431M

D1 Capital Partners Trims Clean Harbors Holdings

D1 Capital Partners L.P. reduced its investment in Clean Harbors, Inc. (NYSE:CLH) by 1,443,601 shares during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. The fund cut its stake by a 51.9% margin, leaving it with 1,338,281 shares. The remaining position carried a reported value of about $399.8 million at the close of the period. Because Form 13F filings look backward at holdings from a prior date, this disclosure may not represent the fund's current daily position.

Clean Harbors Stock Context

The industrial waste management firm trades on the New York Stock Exchange. The stock has moved within a 52-week range between a low of $201.34 and a high of $335.94. The enterprise carries a price-to-earnings ratio of 37.8 and a forward P/E ratio of 31.4, reflecting how the market values future per-share earnings. Investors tracking D1 Capital Partners will need to review future quarterly disclosures to see if the fund continues to pare back its exposure or reverses course.

Recent Earnings Performance

Clean Harbors generated $6.24 billion in revenue over the trailing period, achieving an 11.9% growth rate. The business operates with a net margin of 7.0% and a return on equity of 15.6%. Earnings per share stand at $8.24. The company is scheduled to report its next round of quarterly financial results on November 4, 2026.

Analysts Set New Price Targets

Wall Street firms have continued to update their outlooks for the environmental services provider. On October 15, 2026, Citigroup maintained a buy rating while lifting its price target to $378.00 from $376.00. Earlier in October, TD Cowen kept a buy rating and raised its target to $390.00 from $380.00, while Barclays maintained an equal-weight rating with a $335.00 target on October 8, 2026. Across the broader analyst community, the stock holds a consensus buy recommendation backed by a mean price target of $359.93 across 15 analyst opinions.

Environmental and Industrial Operations

Based in Norwell, Massachusetts, Clean Harbors provides environmental, energy, and industrial services across the United States and Canada. The enterprise operates through two main segments focused on hazardous waste management and safety-keen sustainability solutions, serving a broad array of industrial and automotive customers. This institutional sale follows other portfolio adjustments made by the firm during the same filing window, including reductions in positions like Spotify and XPO, Inc.

Looking Ahead at Institutional Holdings

Market participants often monitor large investment managers like D1 Capital Partners to gauge shifts in institutional sentiment toward industrial names. While this filing documents a sizeable reduction in Clean Harbors shares, equity values fluctuate based on broader economic conditions and company-specific execution. Observers will watch upcoming regulatory filings to track how major funds position themselves within the waste management sector.