Alamea Verwaltungs GmbH Invests $554,000 in Clean Harbors, Inc. $CLH

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Clean Harbors, Inc., purchasing 2,811 shares valued at approximately $554,000.
• Analysts have optimistic outlooks for Clean Harbors, with price targets ranging from $240.00 to $280.00, and the stock receiving multiple "outperform" ratings.
• Clean Harbors reported earnings per share of $2.36 in its latest quarterly earnings, surpassing estimates, despite a slight year-over-year revenue decline.

Alamea Verwaltungs GmbH purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,811 shares of the business services provider's stock, valued at approximately $554,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Clean Harbors by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after acquiring an additional 122 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock valued at $209,000 after acquiring an additional 148 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after acquiring an additional 1,301 shares in the last quarter. Tribune Investment Group LP purchased a new position in shares of Clean Harbors in the first quarter valued at approximately $12,812,000. Finally, Deutsche Bank AG lifted its position in shares of Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CLH shares. Oppenheimer raised their target price on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial lifted their price objective on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. UBS Group lifted their price objective on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $263.40.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the transaction, the executive vice president directly owned 54,548 shares of the company's stock, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer directly owned 51,619 shares of the company's stock, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,947 shares of company stock valued at $2,703,741. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Up 1.8%

CLH traded up $4.30 on Thursday, hitting $245.24. 266,018 shares of the company were exchanged, compared to its average volume of 410,702. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 34.44 and a beta of 1.22. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $236.92 and a two-hundred day moving average price of $221.21.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the previous year, the firm posted $2.46 EPS. Clean Harbors's revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

About Clean Harbors

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.