18,764 Shares in Clean Harbors, Inc. $CLH Bought by Man Group plc

Man Group plc acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,764 shares of the business services provider’s stock, valued at approximately $5,606,000.

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

Insider Activity

In other news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.00% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $310.56 on Friday. The stock’s 50-day moving average is $307.51 and its two-hundred day moving average is $296.28. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The firm has a market cap of $16.39 billion, a P/E ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CLH shares. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Wells Fargo & Company raised their price objective on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Stifel Nicolaus boosted their price target on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $375.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Finally, UBS Group upped their target price on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $354.57.

About Clean Harbors

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.