Lombard Odier Asset Management Europe Ltd Has $4.53 Million Stock Position in Clean Harbors, Inc. $CLH

Lombard Odier Asset Management Europe Ltd reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 68.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,786 shares of the business services provider’s stock after selling 34,357 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Clean Harbors were worth $4,526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares in the last quarter. State Street Corp grew its position in Clean Harbors by 0.8% in the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock valued at $351,958,000 after purchasing an additional 12,452 shares in the last quarter. Bessemer Group Inc. increased its stake in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after buying an additional 16,747 shares during the last quarter. Geode Capital Management LLC lifted its position in Clean Harbors by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after buying an additional 11,020 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Clean Harbors by 10.0% during the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock worth $223,202,000 after buying an additional 70,447 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Truist Financial upped their target price on Clean Harbors from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer increased their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. UBS Group raised their price target on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, BMO Capital Markets boosted their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.92.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $304.14 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average price is $293.45 and its two-hundred day moving average price is $286.39. The company has a market cap of $16.07 billion, a PE ratio of 41.21 and a beta of 0.86. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 8.59 EPS for the current year.

Insider Activity

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

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.