Aigen Investment Management LP Makes New $531,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Key Points

• Aigen Investment Management LP acquired 2,694 shares of Clean Harbors, Inc. (NYSE:CLH) in the first quarter, valued at approximately $531,000, indicating increasing institutional interest in the stock.
• Recent insider transactions include Director Andrea Robertson selling 836 shares, while CEO Michael Louis Battles bought 2,000 shares, reflecting varied confidence levels among executives.
• Clean Harbors reported a quarterly earnings per share (EPS) of $2.36, surpassing analyst expectations, despite a slight decline in revenue compared to the previous year.

Aigen Investment Management LP purchased a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,694 shares of the business services provider's stock, valued at approximately $531,000.

Several other institutional investors have also modified their holdings of CLH. Hopwood Financial Services Inc. acquired a new position in shares of Clean Harbors in the first quarter worth $30,000. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors during the fourth quarter worth $32,000. Banque Cantonale Vaudoise acquired a new position in shares of Clean Harbors during the first quarter worth $48,000. Blue Trust Inc. grew its stake in shares of Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its stake in shares of Clean Harbors by 2,800.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analyst Weigh In

CLH has been the subject of a number of analyst reports. Truist Financial lowered their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer boosted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reduced their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $263.40.

Insider Activity

In related news, EVP Brian P. Weber sold 3,035 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the transaction, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John R. Welch sold 1,250 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the transaction, the director directly owned 11,402 shares of the company's stock, valued at $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,948 shares of company stock valued at $3,611,729. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH traded down $3.69 during mid-day trading on Friday, hitting $243.36. 298,541 shares of the company's stock were exchanged, compared to its average volume of 440,865. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The business's 50 day moving average is $232.58 and its two-hundred day moving average is $220.36. The firm has a market capitalization of $13.05 billion, a P/E ratio of 34.18 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company posted $2.46 earnings per share. The business's revenue was down .2% on a year-over-year basis. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.