Gallo Partners LP Takes Position in Clean Harbors, Inc. $CLH

Key Points

• Gallo Partners LP initiated a $1.78 million position in Clean Harbors during the second quarter, making the stock approximately 4% of its portfolio and its seventh-largest holding. Institutional investors collectively own 90.43% of the company.
• Clean Harbors reported strong quarterly results, with EPS of $3.22 versus the $2.81 consensus and revenue up 11.9% year over year to $1.74 billion. Zacks also raised several future EPS estimates, signaling improved earnings expectations.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $354.57. However, shares trade at an elevated P/E of about 38, while insiders have sold roughly $1.28 million of stock over the past three months.

Gallo Partners LP purchased a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,968 shares of the business services provider's stock, valued at approximately $1,783,000. Clean Harbors makes up about 4.0% of Gallo Partners LP's investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors have also made changes to their positions in the stock. Cibc World Market Inc. purchased a new position in Clean Harbors in the second quarter valued at about $277,000. Sanctuary Advisors LLC acquired a new position in Clean Harbors in the second quarter worth approximately $442,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Clean Harbors during the 2nd quarter valued at $346,000. Bank of Nova Scotia bought a new position in Clean Harbors during the second quarter valued at about $403,000. Finally, Commerce Bank bought a new position in shares of Clean Harbors in the 2nd quarter valued at approximately $508,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $9.51 from $8.28 and its FY2027 estimate to $9.48 from $8.85. The firm also lifted estimates for Q3 2026 to $3.14 from $2.57, Q4 2026 to $1.97 from $1.90, Q1 2027 to $1.47 from $1.40, Q2 2027 to $2.83 from $2.75, Q3 2027 to $3.10 from $2.69, Q4 2027 to $2.08 from $2.02, and Q1 2028 to $1.15 from $1.05. The upgrades suggest stronger expected operating performance and earnings momentum for Clean Harbors. Clean Harbors analyst estimate revisions
• Neutral Sentiment: The revised FY2026 EPS forecast of $9.51 now matches the broader analyst consensus, reducing the likelihood that the change alone will create a major positive surprise. Clean Harbors recently reported quarterly results above expectations, with revenue rising 11.9% year over year, but its valuation remains relatively elevated at about 38 times earnings.
• Negative Sentiment: Zacks slightly lowered its Q2 2028 EPS estimate to $2.51 from $2.52. The reduction is immaterial, but it provides a minor counterpoint to the otherwise favorable revisions.

Clean Harbors Stock Up 0.2%

Shares of NYSE CLH opened at $316.64 on Monday. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The business has a fifty day moving average of $305.16 and a two-hundred day moving average of $294.79. The stock has a market cap of $16.71 billion, a PE ratio of 38.43, a PEG ratio of 2.04 and a beta of 0.86.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.36 earnings per share. As a group, equities research analysts expect that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director directly owned 8,979 shares of the company's stock, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,078 shares of company stock valued at $1,276,908 in the last three months. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLH. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Needham & Company LLC raised their price objective on Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Barclays boosted their price objective on Clean Harbors from $305.00 to $325.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus increased their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $354.57.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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