Lombard Odier Asset Management Europe Ltd Takes $4.36 Million Position in Clean Harbors, Inc. $CLH

Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,600 shares of the business services provider’s stock, valued at approximately $4,362,000.

A number of other large investors have also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in Clean Harbors by 94.4% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after purchasing an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Clean Harbors in the 4th quarter valued at approximately $938,000. Swedbank AB raised its holdings in shares of Clean Harbors by 7.1% during the fourth quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after acquiring an additional 10,000 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Clean Harbors by 152.9% during the fourth quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider’s stock worth $2,975,000 after acquiring an additional 7,667 shares in the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in Clean Harbors during the fourth quarter valued at $1,065,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $310.56 on Friday. The firm has a market capitalization of $16.39 billion, a PE ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The business’s 50 day moving average is $307.51 and its 200-day moving average is $296.28.

Clean Harbors (NYSE:CLHGet Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.36 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CLH shares. Citigroup boosted their price target on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Barclays raised their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Bank of America set a $377.00 price target on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Oppenheimer restated an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $354.57.

Read Our Latest Stock Report on CLH

Insider Buying and Selling at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Clean Harbors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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