Boothbay Fund Management LLC Has $10.10 Million Stake in Clean Harbors, Inc. $CLH

Key Points

• Boothbay Fund Management LLC increased its holdings in Clean Harbors by 37.8% during the first quarter, purchasing an additional 14,045 shares, bringing their total ownership to approximately 51,226 shares valued at $10.1 million.
• Several institutional investors have also made notable investments in Clean Harbors, with institutional ownership now at 90.43% of the company's stock.
• Analysts have positive outlooks for Clean Harbors, with a consensus target price of $263.40 and multiple firms, such as Raymond James, assigning a "strong-buy" rating.

Boothbay Fund Management LLC raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,226 shares of the business services provider's stock after purchasing an additional 14,045 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.10% of Clean Harbors worth $10,097,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Clean Harbors by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after purchasing an additional 52 shares during the period. Deutsche Bank AG increased its position in Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. increased its position in Clean Harbors by 25.8% in 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 during the period. Xponance Inc. increased its position in Clean Harbors by 0.9% in the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock worth $1,321,000 after purchasing an additional 61 shares during the period. Finally, Benjamin Edwards Inc. increased its position in Clean Harbors by 1.2% in the fourth quarter. Benjamin Edwards Inc. now owns 5,797 shares of the business services provider's stock worth $1,334,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value 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 approximately $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles purchased 2,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $233.50 per share, for a total transaction of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares in the company, valued at approximately $19,359,718.50. This trade represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

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

Clean Harbors Trading Up 0.9%

NYSE:CLH traded up $2.19 on Monday, reaching $238.44. The company's stock had a trading volume of 539,559 shares, compared to its average volume of 414,698. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The firm has a market cap of $12.79 billion, a PE ratio of 33.49 and a beta of 1.22. The business's 50-day moving average price is $237.31 and its two-hundred day moving average price is $221.46.

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