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

Odyssean LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,145 shares of the business services provider’s stock, valued at approximately $1,238,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Clean Harbors during the second quarter valued at approximately $1,516,521,000. Janus Henderson Group PLC lifted its position in Clean Harbors by 10.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the period. Jupiter Topco LLC purchased a new stake in Clean Harbors in the second quarter worth approximately $477,570,000. State Street Corp boosted its holdings in Clean Harbors by 0.8% in the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after purchasing an additional 16,747 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Needham & Company LLC increased their price target on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Citigroup raised their target price on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction 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 transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Stock Down 1.5%

Shares of CLH stock opened at $309.08 on Wednesday. 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, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The stock has a market cap of $16.32 billion, a P/E ratio of 37.51, a P/E/G ratio of 2.02 and a beta of 0.86. The company has a 50 day simple moving average of $306.11 and a two-hundred day simple moving average of $295.50.

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

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.