Entropy Technologies LP Invests $3.17 Million in Clean Harbors, Inc. $CLH

Entropy Technologies LP acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,072 shares of the business services provider’s stock, valued at approximately $3,175,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLH. Compound Planning Inc. raised its stake in Clean Harbors by 22.4% during the first quarter. Compound Planning Inc. now owns 1,335 shares of the business services provider’s stock worth $383,000 after acquiring an additional 244 shares in the last quarter. Cloverfields Capital Group LP acquired a new stake in shares of Clean Harbors in the 1st quarter valued at approximately $923,000. Atika Capital Management LLC grew its holdings in shares of Clean Harbors by 628.5% during the 1st quarter. Atika Capital Management LLC now owns 21,855 shares of the business services provider’s stock valued at $6,266,000 after purchasing an additional 18,855 shares during the last quarter. Bank of Nova Scotia acquired a new position in Clean Harbors during the 1st quarter worth approximately $452,000. Finally, Sei Investments Co. lifted its stake in Clean Harbors by 15.9% in the 1st quarter. Sei Investments Co. now owns 37,416 shares of the business services provider’s stock valued at $10,728,000 after purchasing an additional 5,145 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

Shares of CLH stock opened at $304.14 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $293.45 and a two-hundred day simple moving average of $286.39. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The firm has a market capitalization of $16.07 billion, a PE ratio of 41.21 and a beta of 0.86.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group raised their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus started coverage on Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price target for the company. TD Cowen raised their price objective on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC upped their target price on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company increased their target price on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Two investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.92.

Clean Harbors Company 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.