Odyssean LLC Acquires Shares of 4,145 Clean Harbors, Inc. $CLH

Odyssean LLC acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,145 shares of the business services provider’s stock, valued at approximately $1,238,000.

Other large investors have also recently modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its position in Clean Harbors by 94.4% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after acquiring an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Clean Harbors in the 4th quarter worth approximately $938,000. Swedbank AB lifted its stake in shares of Clean Harbors by 7.1% in the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock valued at $35,172,000 after purchasing an additional 10,000 shares during the period. New York Life Investment Management LLC purchased a new position in Clean Harbors during the fourth quarter valued at $1,065,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 10.0% during 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 in the last quarter. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CLH shares. Needham & Company LLC increased their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Citigroup upped their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BMO Capital Markets raised their target price on shares of Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. TD Cowen lifted their target price on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $309.08 on Wednesday. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.02 and a beta of 0.86. The firm’s 50-day moving average is $306.11 and its 200 day moving average is $295.50. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. 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 quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $2.36 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. 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 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 SEC filing for this sale provides additional information. Corporate insiders own 5.00% of the company’s stock.

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.