Aigen Investment Management LP Acquires 3,317 Shares of Clean Harbors, Inc. (NYSE:CLH)

Aigen Investment Management LP lifted its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 361.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,234 shares of the business services provider's stock after acquiring an additional 3,317 shares during the period. Aigen Investment Management LP's holdings in Clean Harbors were worth $1,023,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CLH. Clearbridge Investments LLC grew its stake in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after acquiring an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Clean Harbors in the second quarter worth about $42,968,000. Marshall Wace LLP raised its holdings in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Spirepoint Private Client LLC bought a new position in Clean Harbors in the 1st quarter valued at approximately $16,594,000. Finally, Janus Henderson Group PLC raised its holdings in Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider's stock valued at $319,371,000 after buying an additional 78,848 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 309 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company's stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,227 shares of company stock valued at $2,759,617 over the last quarter. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

CLH stock traded down $1.50 during mid-day trading on Wednesday, reaching $259.13. 314,727 shares of the company traded hands, compared to its average volume of 297,988. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market capitalization of $13.97 billion, a P/E ratio of 33.74 and a beta of 1.20. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The company has a fifty day moving average price of $248.43 and a 200-day moving average price of $232.89.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC lowered their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer lifted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and an average target price of $254.33.

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.