Engineers Gate Manager LP Has $10.68 Million Stake in Clean Harbors, Inc. $CLH

Engineers Gate Manager LP increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 495.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,732 shares of the business services provider’s stock after purchasing an additional 29,730 shares during the quarter. Engineers Gate Manager LP owned about 0.07% of Clean Harbors worth $10,675,000 at the end of the most recent quarter.

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

Clean Harbors Price Performance

Shares of CLH opened at $320.67 on Friday. The stock has a market cap of $16.93 billion, a P/E ratio of 38.92, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The stock’s 50-day moving average price is $311.36 and its two-hundred day moving average price is $299.17. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

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

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. BMO Capital Markets lifted their price target on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen raised their price objective on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric Gerstenberg sold 2,500 shares of the company’s stock in a transaction that occurred on 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 approximately $18,249,862.62. This 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 is accessible through the SEC website. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction on 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 approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by corporate insiders.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.