GAMMA Investing LLC Acquires 81,966 Shares of Clean Harbors, Inc. (NYSE:CLH)

GAMMA Investing LLC lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 13,241.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,585 shares of the business services provider’s stock after acquiring an additional 81,966 shares during the period. GAMMA Investing LLC owned approximately 0.15% of Clean Harbors worth $16,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Williamson Legacy Group LLC increased its position in shares of Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after acquiring an additional 53 shares in the last quarter. Deutsche Bank AG increased its stake in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 56 shares during the last quarter. Scotia Capital Inc. increased its stake in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 59 shares during the last quarter. Blue Trust Inc. increased its stake in Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock valued at $107,000 after buying an additional 60 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Clean Harbors by 25.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider’s stock valued at $71,000 after buying an additional 62 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,833 shares of company stock valued at $1,227,181. Company insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 0.2%

Clean Harbors stock opened at $224.51 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a 50 day moving average price of $214.89 and a 200-day moving average price of $223.34. The company has a market capitalization of $12.03 billion, a P/E ratio of 30.26 and a beta of 1.19. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $257.67.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.