Lombard Odier Asset Management Europe Ltd Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Lombard Odier Asset Management Europe Ltd bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 31,175 shares of the business services provider’s stock, valued at approximately $7,050,000. Lombard Odier Asset Management Europe Ltd owned about 0.06% of Clean Harbors as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Innealta Capital LLC bought a new position in Clean Harbors in the 2nd quarter valued at $25,000. Rise Advisors LLC purchased a new position in shares of Clean Harbors in the 1st quarter worth about $27,000. GAMMA Investing LLC grew its position in Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the period. Creekmur Asset Management LLC bought a new stake in Clean Harbors in the fourth quarter worth about $50,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Clean Harbors in the second quarter valued at about $56,000. 90.43% of the stock is owned by institutional investors.

Insider Activity

In other Clean Harbors 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 transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now 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.

Clean Harbors Trading Down 0.2 %

Shares of CLH stock opened at $246.88 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The firm has a market cap of $13.32 billion, a P/E ratio of 35.73 and a beta of 1.20. The business has a 50-day moving average price of $236.37 and a two-hundred day moving average price of $218.22. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $247.74.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CLH shares. 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. Truist Financial raised their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average target price of $242.40.

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.