15,408 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Otter Creek Advisors LLC

Otter Creek Advisors LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,408 shares of the business services provider’s stock, valued at approximately $3,485,000. Clean Harbors makes up approximately 2.3% of Otter Creek Advisors LLC’s holdings, making the stock its 22nd largest position.

A number of other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of Clean Harbors during the 2nd quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Clean Harbors in the first quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in shares of Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $34,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CLH. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Saturday. Needham & Company LLC lifted their price target on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer increased their price objective on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $242.40.

Insider Transactions at Clean Harbors

In related news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 1.9 %

NYSE CLH opened at $231.76 on Friday. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The business’s fifty day simple moving average is $232.63 and its 200-day simple moving average is $213.95. The firm has a market cap of $12.50 billion, a PE ratio of 33.54 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. Clean Harbors’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 earnings per share. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Clean Harbors Company 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.