Lombard Odier Asset Management Europe Ltd Decreases Stake in Clean Harbors, Inc. $CLH

Lombard Odier Asset Management Europe Ltd cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 68.5% during the 1st quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Clean Harbors Trading Up 0.1%

Shares of CLH opened at $313.15 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The firm has a market cap of $16.53 billion, a P/E ratio of 38.00, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The company has a 50 day simple moving average of $295.64 and a two-hundred day simple moving average of $288.93. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the company earned $2.36 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday. Robert W. Baird lifted their price objective on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $354.57.

Key Stories Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the stock in a transaction 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 completion of the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.