Pillsbury Lake Capital LLC Invests $14.82 Million in Clean Harbors, Inc. $CLH

Pillsbury Lake Capital LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 49,604 shares of the business services provider’s stock, valued at approximately $14,819,195. Clean Harbors makes up approximately 0.0% of Pillsbury Lake Capital LLC’s holdings, making the stock its 5th biggest holding. Pillsbury Lake Capital LLC owned approximately 0.09% of Clean Harbors at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its stake in shares of Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $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 fourth quarter valued at $938,000. Swedbank AB raised its position in Clean Harbors by 7.1% during the fourth 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 in the last quarter. Corient Private Wealth LLC lifted its stake in Clean Harbors by 152.9% in the fourth quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider’s stock valued at $2,975,000 after buying an additional 7,667 shares during the period. Finally, New York Life Investment Management LLC purchased a new position in Clean Harbors in the 4th quarter valued at approximately $1,065,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated 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 directly owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction 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 owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CLH shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen increased their target price on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Finally, BMO Capital Markets lifted their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Price Performance

NYSE CLH traded down $1.25 during trading hours on Friday, hitting $310.56. 379,207 shares of the company’s stock traded hands, compared to its average volume of 508,380. The company has a market capitalization of $16.39 billion, a PE ratio of 37.69, a PEG ratio of 2.02 and a beta of 0.86. The firm’s 50-day moving average is $307.08 and its 200-day moving average is $296.18. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week 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 posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 earnings per share. Equities analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal 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.