Aristeia Capital L.L.C. Invests $480,000 in Clean Harbors, Inc. $CLH

Key Points

• Aristeia Capital L.L.C. acquired 2,435 shares of Clean Harbors, Inc. ($CLH) valued at approximately $480,000 in the first quarter of the year.
• Clean Harbors reported earnings per share (EPS) of $2.36 for the last quarter, beating estimates but showing a slight decline compared to the previous year's EPS of $2.46.
• Analysts have a consensus rating of "Moderate Buy" for Clean Harbors, with price targets ranging from $240 to $280, signaling positive growth expectations for the stock.

Aristeia Capital L.L.C. bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,435 shares of the business services provider's stock, valued at approximately $480,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in shares of Clean Harbors in the first quarter valued at $30,000. Banque Cantonale Vaudoise bought a new position in shares of Clean Harbors in the first quarter valued at $48,000. Quarry LP bought a new position in shares of Clean Harbors in the first quarter valued at $48,000. Blue Trust Inc. lifted its stake in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares in the last quarter. Finally, Horizon Investments LLC lifted its stake in shares of Clean Harbors by 42.0% in the first quarter. Horizon Investments LLC now owns 284 shares of the business services provider's stock valued at $56,000 after buying an additional 84 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

CLH has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Raymond James Financial increased their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Oppenheimer increased their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an "outperform" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Clean Harbors Stock Performance

NYSE CLH traded down $2.52 during trading hours on Friday, reaching $235.98. 242,715 shares of the company were exchanged, compared to its average volume of 298,746. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The business's 50 day simple moving average is $237.82 and its 200-day simple moving average is $222.13. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $12.66 billion, a P/E ratio of 33.14 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company posted $2.46 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the completion of the acquisition, the chief executive officer owned 82,911 shares of the company's stock, valued at approximately $19,359,718.50. This represents a 2.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the transaction, the director owned 9,888 shares of the company's stock, valued at $2,310,232.32. The trade was a 7.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

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.