Seven Eight Capital LP Purchases Shares of 4,415 Clean Harbors, Inc. (NYSE:CLH)

Seven Eight Capital LP purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,415 shares of the business services provider’s stock, valued at approximately $889,000.

Several other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Clean Harbors by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock worth $129,242,000 after buying an additional 38,171 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after buying an additional 67,809 shares in the last quarter. Norges Bank purchased a new position in shares of Clean Harbors in the fourth quarter worth $87,074,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Clean Harbors by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 429,069 shares of the business services provider’s stock worth $74,877,000 after buying an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 0.0 %

CLH stock traded down $0.07 during mid-day trading on Tuesday, reaching $233.52. 206,168 shares of the stock traded hands, compared to its average volume of 313,085. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $237.35. The stock has a market capitalization of $12.60 billion, a PE ratio of 33.79 and a beta of 1.21. The business has a 50-day moving average price of $221.68 and a two-hundred day moving average price of $199.68.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now directly owns 2,494,211 shares in the company, valued at $537,527,412.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares in the company, valued at $537,527,412.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,348 shares of company stock worth $12,320,113. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CLH shares. Raymond James boosted their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. BMO Capital Markets upped their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. Finally, Robert W. Baird upped their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average price target of $218.40.

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.