Burnham & Co LLC Invests $1.07 Million in Clean Harbors, Inc. $CLH

Burnham & Co LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,580 shares of the business services provider’s stock, valued at approximately $1,070,000. Clean Harbors comprises 0.9% of Burnham & Co LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLH. BlackRock Inc. purchased a new stake in Clean Harbors during the 2nd quarter valued at about $1,516,521,000. Norges Bank acquired a new stake in shares of Clean Harbors in the 4th quarter worth $152,195,000. Durable Capital Partners LP purchased a new position in shares of Clean Harbors during the 3rd quarter worth $133,217,000. Bank of New York Mellon Corp acquired a new position in shares of Clean Harbors during the 2nd quarter valued at about $105,962,000. Finally, M.D. Sass LLC acquired a new position in shares of Clean Harbors during the 2nd quarter valued at about $80,814,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Down 1.6%

Shares of NYSE CLH opened at $316.64 on Friday. The business has a 50-day moving average of $305.16 and a two-hundred day moving average of $294.56. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.08 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 company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

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. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $2.36 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related 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 sale, the director 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,078 shares of company stock valued at $1,276,908. 5.00% of the stock is owned by company insiders.

More Clean Harbors News

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

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $9.51 from $8.28 and its FY2027 estimate to $9.48 from $8.85. The firm also lifted estimates for Q3 2026 to $3.14 from $2.57, Q4 2026 to $1.97 from $1.90, Q1 2027 to $1.47 from $1.40, Q2 2027 to $2.83 from $2.75, Q3 2027 to $3.10 from $2.69, Q4 2027 to $2.08 from $2.02, and Q1 2028 to $1.15 from $1.05. The upgrades suggest stronger expected operating performance and earnings momentum for Clean Harbors. Clean Harbors analyst estimate revisions
• Neutral Sentiment: The revised FY2026 EPS forecast of $9.51 now matches the broader analyst consensus, reducing the likelihood that the change alone will create a major positive surprise. Clean Harbors recently reported quarterly results above expectations, with revenue rising 11.9% year over year, but its valuation remains relatively elevated at about 38 times earnings.
• Negative Sentiment: Zacks slightly lowered its Q2 2028 EPS estimate to $2.51 from $2.52. The reduction is immaterial, but it provides a minor counterpoint to the otherwise favorable revisions.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CLH shares. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. BMO Capital Markets upped their price objective on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $350.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Wells Fargo & Company increased their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Barclays boosted their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $354.57.

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.