1,598,574 Shares in Clean Harbors, Inc. $CLH Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,598,574 shares of the business services provider’s stock, valued at approximately $477,570,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors in the fourth quarter worth approximately $26,000. Quattro Advisors LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $26,000. MidFirst Bank acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its stake in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

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

Clean Harbors Stock Down 1.5%

CLH stock opened at $309.08 on Wednesday. The stock’s 50 day simple moving average is $306.11 and its 200 day simple moving average is $295.50. The company has a market cap of $16.32 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLH. TD Cowen increased their price target on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays boosted their price objective on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. BMO Capital Markets upped their target price on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $350.00 target price 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 issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Company Profile

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.