Atika Capital Management LLC Increases Stock Holdings in Clean Harbors, Inc. $CLH

Atika Capital Management LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 628.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,855 shares of the business services provider’s stock after purchasing an additional 18,855 shares during the quarter. Atika Capital Management LLC’s holdings in Clean Harbors were worth $6,266,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Clean Harbors by 8.9% in the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 35 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Clean Harbors by 5.4% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after purchasing an additional 53 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the period. US Bancorp DE lifted its stake in shares of Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 54 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after buying an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 0.0%

Clean Harbors stock opened at $306.18 on Friday. The stock has a 50-day moving average price of $293.43 and a 200 day moving average price of $286.26. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The stock has a market cap of $16.18 billion, a PE ratio of 41.49 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last released its earnings results 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 net margin of 6.53% and a return on equity of 14.37%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 8.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLH shares. Needham & Company LLC boosted their price target on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. BMO Capital Markets boosted their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus assumed coverage on shares of Clean Harbors in a report on Friday, May 29th. They set a “buy” rating and a $337.00 target price for the company. Finally, Oppenheimer lifted their target price on shares of Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and an average price target of $327.92.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the company’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 completion of the transaction, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

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.