Gallo Partners LP Makes New $1.78 Million Investment in Clean Harbors, Inc. $CLH

Gallo Partners LP bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,968 shares of the business services provider’s stock, valued at approximately $1,783,000. Clean Harbors makes up 4.0% of Gallo Partners LP’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of CLH. BlackRock Inc. acquired a new position in Clean Harbors during the 2nd quarter worth $1,516,521,000. Janus Henderson Group PLC increased its stake in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the period. State Street Corp raised its position in shares of Clean Harbors by 0.8% during the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after acquiring an additional 12,452 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after acquiring an additional 16,747 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Clean Harbors by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after acquiring an additional 11,020 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLH. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Oppenheimer restated an “outperform” rating and set a $350.00 target price on shares of Clean Harbors in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Bank of America set a $377.00 price target on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Trading Up 0.2%

NYSE:CLH opened at $316.64 on Monday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The business’s 50-day moving average price is $305.16 and its two-hundred day moving average price is $294.79. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 38.43, a PEG ratio of 2.04 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its earnings results 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 company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.36 EPS. On average, equities analysts expect that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, Director Lauren States sold 789 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,078 shares of company stock valued at $1,276,908 in the last 90 days. 5.00% of the stock is owned by insiders.

Key Stories Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $9.51 from $8.28 and its FY2027 estimate to $9.48 from $8.85. The firm also lifted estimates for Q3 2026 to $3.14 from $2.57, Q4 2026 to $1.97 from $1.90, Q1 2027 to $1.47 from $1.40, Q2 2027 to $2.83 from $2.75, Q3 2027 to $3.10 from $2.69, Q4 2027 to $2.08 from $2.02, and Q1 2028 to $1.15 from $1.05. The upgrades suggest stronger expected operating performance and earnings momentum for Clean Harbors. Clean Harbors analyst estimate revisions
• Neutral Sentiment: The revised FY2026 EPS forecast of $9.51 now matches the broader analyst consensus, reducing the likelihood that the change alone will create a major positive surprise. Clean Harbors recently reported quarterly results above expectations, with revenue rising 11.9% year over year, but its valuation remains relatively elevated at about 38 times earnings.
• Negative Sentiment: Zacks slightly lowered its Q2 2028 EPS estimate to $2.51 from $2.52. The reduction is immaterial, but it provides a minor counterpoint to the otherwise favorable revisions.

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.