Lombard Odier Asset Management Europe Ltd Purchases Shares of 14,600 Clean Harbors, Inc. $CLH

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 14,600 shares of the business services provider’s stock, valued at approximately $4,362,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of Clean Harbors by 8.9% in the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after purchasing an additional 35 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Clean Harbors by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 50 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after buying an additional 53 shares in the last quarter. US Bancorp DE grew its stake in Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after buying an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its stake in Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after buying an additional 59 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $310.56 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The firm has a 50 day simple moving average of $307.51 and a 200 day simple moving average of $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 P/E/G ratio of 2.01 and a beta of 0.86.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Truist Financial increased their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $375.00 price target on shares of Clean Harbors in a report on Thursday, July 30th. BMO Capital Markets lifted their price objective on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Citigroup boosted their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two equities 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. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The stock was 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors 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.