Entropy Technologies LP Raises Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Entropy Technologies LP grew its position in Clean Harbors, Inc. (NYSE:CLH) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,311 shares of the business services provider’s stock after buying an additional 196 shares during the period. Entropy Technologies LP’s holdings in Clean Harbors were worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Clean Harbors in the fourth quarter worth approximately $25,000. Rise Advisors LLC purchased a new stake in Clean Harbors during the 1st quarter worth approximately $27,000. National Bank of Canada FI acquired a new stake in Clean Harbors during the 4th quarter worth approximately $34,000. GAMMA Investing LLC boosted its position in Clean Harbors by 47.9% in the 1st 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 during the period. Finally, Blue Trust Inc. grew its stake in shares of Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 2.8 %

NYSE:CLH traded down $6.72 during midday trading on Wednesday, hitting $229.44. 234,150 shares of the company were exchanged, compared to its average volume of 314,605. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $237.35. The company has a market capitalization of $12.38 billion, a PE ratio of 33.20 and a beta of 1.21. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $220.23 and a 200 day simple moving average of $197.70.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the company posted $1.36 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction on 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 of the company’s stock, valued at approximately $537,527,412.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The transaction 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 Clean Harbors stock in a transaction that occurred on 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 completion of 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. Insiders have sold a total of 57,348 shares of company stock valued at $12,320,113 over the last quarter. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

CLH has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a report on Thursday, May 2nd. Raymond James boosted their price target 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 reissued a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. Finally, Robert W. Baird lifted their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $218.40.

About Clean Harbors

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.