49,604 Shares in Clean Harbors, Inc. $CLH Purchased by Pillsbury Lake Capital LLC

Pillsbury Lake Capital LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,604 shares of the business services provider’s stock, valued at approximately $14,819,195,000. Clean Harbors makes up about 4.0% of Pillsbury Lake Capital LLC’s holdings, making the stock its 5th largest holding.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Clean Harbors during the 2nd quarter worth about $1,516,521,000. Jupiter Topco LLC bought a new position in shares of Clean Harbors in the second quarter valued at approximately $477,570,000. Norges Bank bought a new position in shares of Clean Harbors in the fourth quarter valued at approximately $152,195,000. Durable Capital Partners LP acquired a new position in shares of Clean Harbors during the third quarter valued at approximately $133,217,000. Finally, Bank of America Corp DE acquired a new position in shares of Clean Harbors during the second quarter valued at approximately $142,801,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CLH. Citigroup upped their target price on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Wells Fargo & Company upped their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Needham & Company LLC raised their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Up 1.5%

Clean Harbors stock opened at $313.20 on Thursday. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The firm’s 50 day moving average price is $306.62 and its two-hundred day moving average price is $295.86. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned $2.36 earnings per share. Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts predict that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

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.