9,250 Shares in Clean Harbors, Inc. $CLH Acquired by Algert Global LLC

Key Points

• Algert Global LLC acquired 9,250 shares of Clean Harbors worth approximately $2.76 million, while institutional investors collectively own 90.43% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $354.57; recent targets range from $325 to $377.
• Clean Harbors reported quarterly earnings of $3.22 per share, exceeding estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion. Insiders recently sold shares, including 2,500 shares sold by the CEO.

Algert Global LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,250 shares of the business services provider's stock, valued at approximately $2,763,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Clean Harbors during the second quarter valued at $1,516,521,000. Janus Henderson Group PLC raised its stake 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 worth $557,146,000 after purchasing an additional 215,659 shares in the last quarter. State Street Corp lifted its holdings in shares of Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider's stock valued at $351,958,000 after buying an additional 12,452 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Clean Harbors by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider's stock valued at $267,239,000 after buying an additional 16,747 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in 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 in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CLH shares. Raymond James Financial reissued a "strong-buy" rating and set a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Bank of America set a $377.00 price objective on shares of Clean Harbors 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. Weiss Ratings raised Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Finally, Barclays upped their target price on shares of Clean Harbors from $305.00 to $325.00 and gave the company an "equal weight" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus target price of $354.57.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the 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 completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Robertson sold 789 shares of the firm'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 completion of the sale, the director owned 8,979 shares of the company's stock, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company's stock.

Clean Harbors Stock Performance

CLH opened at $310.56 on Friday. 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 $16.39 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86. The business has a 50 day moving average of $307.51 and a 200-day moving average of $296.28. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter last year, the business earned $2.36 EPS. The company's quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities 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.

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