10,787 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Entropy Technologies LP

Key Points

• Entropy Technologies LP invested approximately $2.13 million in Clean Harbors, purchasing 10,787 shares during the first quarter.
• Institutional investors hold a significant majority, with 90.43% of Clean Harbors stock owned by hedge funds and other institutions.
• Recent analyst ratings show a consensus of "Moderate Buy" with an average price target of $263.40 for Clean Harbors stock.

Entropy Technologies LP purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,787 shares of the business services provider's stock, valued at approximately $2,126,000.

Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock valued at $2,044,000 after purchasing an additional 52 shares during the period. Deutsche Bank AG grew its stake in shares of Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. grew its stake in shares of Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after purchasing an additional 56 shares during the period. Scotia Capital Inc. grew its stake in shares of Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after purchasing an additional 59 shares during the period. Finally, Xponance Inc. grew its stake in shares of Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock valued at $1,321,000 after purchasing an additional 61 shares during the period. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.6%

CLH traded down $1.53 during mid-day trading on Friday, reaching $245.52. The stock had a trading volume of 116,456 shares, compared to its average volume of 422,710. The stock has a market capitalization of $13.17 billion, a P/E ratio of 34.49 and a beta of 1.18. 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's fifty day simple moving average is $232.23 and its two-hundred day simple moving average is $220.31. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Needham & Company LLC lowered their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial increased their price target 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. Oppenheimer increased their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group increased their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $263.40.

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles purchased 2,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. This trade represents a 2.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction on Friday, June 13th. The shares were 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 in the company, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,948 shares of company stock worth $3,611,729. Corporate insiders own 5.60% of the company's stock.

Clean Harbors 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.