Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,336 shares of the business services provider’s stock after acquiring an additional 921 shares during the period. Seven Eight Capital LP’s holdings in Clean Harbors were worth $1,207,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in Clean Harbors during the second quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Clean Harbors during the 1st quarter worth $27,000. GAMMA Investing LLC lifted its position in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Clean Harbors in the second quarter valued at $56,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Clean Harbors during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at $3,284,963.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird increased their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer raised their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $242.40.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $247.27 on Friday. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.74. The company has a 50-day moving average price of $235.55 and a 200 day moving average price of $217.18. The company has a market cap of $13.34 billion, a P/E ratio of 35.78 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Clean Harbors Company 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.