In this article, we discuss the 5 recycling stocks to buy now. If you want to read about some more recycling stocks to buy now, go directly to 10 Recycling Stocks to Buy Now.
5. Clean Harbors, Inc. (NYSE:CLH)
Number of Hedge Fund Holders: 27
Clean Harbors, Inc. (NYSE:CLH) provides environmental and industrial services. Elite hedge funds are bullish on the stock. Among the hedge funds being tracked by Insider Monkey, United Kingdom-based investment firm Impax Asset Management is a leading shareholder in Clean Harbors, Inc. (NYSE:CLH) with 1.6 million shares worth more than $158 million.
On January 10, investment advisory Raymond James upgraded Clean Harbors, Inc. (NYSE:CLH) stock to Strong Buy from Outperform and raised the price target to $125 from $120. Analyst Patrick Tyler Brown issued the ratings update.
4. Casella Waste Systems, Inc. (NASDAQ:CWST)
Number of Hedge Fund Holders: 25
Casella Waste Systems, Inc. (NASDAQ:CWST) is an integrated solid waste services firm. On February 22, Raymond James analyst Patrick Tyler Brown kept a Strong Buy rating on the shares with a price target of $92, underlining that the “landfill positioning and ongoing operational improvements offer sustainable organic opportunities to improve price and margins” for the firm despite pressures due to inflation.
Hedge funds have been loading up on Casella Waste Systems, Inc. (NASDAQ:CWST) stock in recent months. At the end of the fourth quarter of 2021, 25 hedge funds in the database of Insider Monkey held stakes worth $173 million in Casella Waste Systems, Inc. (NASDAQ:CWST), up from 16 in the preceding quarter worth $106 million.
3. Hercules Capital, Inc. (NYSE:HTGC)
Number of Hedge Fund Holders: 17
Hercules Capital, Inc. (NYSE:HTGC) is a business development firm that primarily invests in sustainable companies. Major hedge funds hold large stakes in the firm. Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Hercules Capital, Inc. (NYSE:HTGC) with 759,700 shares worth more than $12.6 million.
On February 22, Hercules Capital, Inc. (NYSE:HTGC) posted earnings for the fourth quarter of 2021, reporting a net interest income of $0.35, beating estimates by $0.03. The total investment income over the period was $72.4 million, smashing estimates by $1.6 million.
2. Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
Number of Hedge Fund Holders: 13
Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) provides services related to the recycling of ferrous and nonferrous metal. On March 24, investment advisory KeyBanc upgraded the stock to Overweight from Sector Weight with a price target of $58. Analyst Philip Gibbs issued the ratings update.
The hedge fund sentiment around Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is overwhelmingly positive. At the end of the fourth quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $33 million in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), up from 11 in the preceding quarter worth $12 million.
1. Aris Water Solutions, Inc. (NYSE:ARIS)
Number of Hedge Fund Holders: 10
Aris Water Solutions, Inc. (NYSE:ARIS) is an environmental infrastructure and solutions company. The company recently started paying a dividend. On February 25, it declared a quarterly dividend of $0.09 per share, an increase of more than 28% compared to the previous dividend of $0.07 per share. The forward yield was 2.54%. It also recently beat market estimates on revenue for the fourth quarter of 2021.
Hedge funds hold bullish stakes in Aris Water Solutions, Inc. (NYSE:ARIS). At the end of the fourth quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $72 million in Aris Water Solutions, Inc. (NYSE:ARIS).
You can also take a peek at 10 Stocks For Passive Income In 2022 and 10 Most Popular Green Energy Stocks Among Elite Hedge Funds.
