Lombard Odier Asset Management Europe Ltd Reduces Stock Position in Clean Harbors, Inc. $CLH

Lombard Odier Asset Management Europe Ltd reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 34.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,143 shares of the business services provider’s stock after selling 26,644 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Clean Harbors were worth $11,758,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth $26,000. Quattro Advisors LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth $26,000. Parkside Financial Bank & Trust grew its stake in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after buying an additional 115 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth $31,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent research reports. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Robert W. Baird lifted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. UBS Group lifted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. BMO Capital Markets upped their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, TD Cowen upped their price target on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $290.64 on Wednesday. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 39.38 and a beta of 0.87. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The firm’s 50-day moving average is $294.90 and its 200 day moving average is $274.60. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. Research analysts predict that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

About Clean Harbors

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.