WINTON GROUP Ltd Makes New $2.62 Million Investment in Clean Harbors, Inc. $CLH

Key Points

• WINTON GROUP Ltd acquired 8,760 Clean Harbors shares worth approximately $2.62 million during the second quarter. Institutional investors collectively own 90.43% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $354.57; several firms recently raised their targets to between $350 and $390.
• Clean Harbors exceeded quarterly expectations, reporting adjusted EPS of $3.22 versus the $2.81 consensus and revenue of $1.74 billion, up 11.9% year over year. Shares recently opened at $322.41, near their 12-month high of $335.94.

WINTON GROUP Ltd acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,760 shares of the business services provider's stock, valued at approximately $2,617,000.

Several other institutional investors have also recently modified their holdings of CLH. Elyxium Wealth LLC acquired a new position in Clean Harbors in the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. MidFirst Bank purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $28,000. Parkside Financial Bank & Trust increased its stake in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock worth $28,000 after acquiring an additional 80 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider's stock worth $31,000 after purchasing an additional 115 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Needham & Company LLC increased their price target on Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Oppenheimer reissued an "outperform" rating and issued a $350.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Bank of America set a $377.00 target price on Clean Harbors and gave the stock a "buy" rating in a research note on Thursday, July 30th. TD Cowen lifted their price target on Clean Harbors from $335.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Barclays boosted their price target on Clean Harbors from $305.00 to $325.00 and gave the company an "equal weight" rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $354.57.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 789 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director owned 8,979 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.00% of the company's stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $322.41 on Friday. The firm has a market cap of $17.02 billion, a PE ratio of 39.13, a P/E/G ratio of 2.07 and a beta of 0.85. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $311.99 and a 200 day moving average price of $299.33.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business posted $2.36 earnings per share. Clean Harbors's revenue for the quarter was up 11.9% on a year-over-year basis. Sell-side analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.

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