Campbell & CO Investment Adviser LLC Takes Position in Clean Harbors, Inc. $CLH

Key Points

• Campbell & CO Investment Adviser LLC has purchased 17,317 shares of Clean Harbors, Inc., valued at approximately $3.41 million, highlighting increased institutional interest in the company.
• Analysts have set a range of price targets for Clean Harbors, with estimates rising to a consensus price target of $263.40, indicating a generally positive outlook on the company's stock.
• CEO Michael Louis Battles acquired 2,000 shares of Clean Harbors stock for around $467,000, reflecting confidence in the company's future performance.

Campbell & CO Investment Adviser LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,317 shares of the business services provider's stock, valued at approximately $3,413,000.

A number of other institutional investors have also recently made changes to their positions in CLH. Stifel Financial Corp lifted its holdings in shares of Clean Harbors by 0.5% in the 4th quarter. Stifel Financial Corp now owns 84,390 shares of the business services provider's stock valued at $19,422,000 after acquiring an additional 415 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Clean Harbors in the 4th quarter worth about $365,000. Pinebridge Investments L.P. raised its position in Clean Harbors by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 9,500 shares of the business services provider's stock worth $2,186,000 after purchasing an additional 2,844 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Clean Harbors in the 4th quarter worth about $22,324,000. Finally, Two Sigma Securities LLC purchased a new stake in Clean Harbors in the 4th quarter worth about $339,000. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLH. UBS Group increased their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Oppenheimer increased their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial increased their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC reduced their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Clean Harbors Stock Down 0.5%

NYSE:CLH traded down $1.22 during trading hours on Friday, reaching $242.46. The company's stock had a trading volume of 103,856 shares, compared to its average volume of 412,278. The company has a market capitalization of $13.00 billion, a P/E ratio of 34.05 and a beta of 1.18. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month 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 stock has a 50 day moving average price of $235.95 and a two-hundred day moving average price of $220.94.

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

Insiders Place Their Bets

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the transaction, the director directly owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Louis Battles purchased 2,000 shares of the business'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 completion of the acquisition, the chief executive officer directly owned 82,911 shares of the company's stock, valued at approximately $19,359,718.50. The trade was a 2.47% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 12,840 shares of company stock valued at $2,903,497. 5.60% of the stock is currently owned by company insiders.

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.