Boston Partners Reduces Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Boston Partners cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 39.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,928 shares of the business services provider’s stock after selling 5,906 shares during the period. Boston Partners’ holdings in Clean Harbors were worth $2,055,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $57,956,000. FMR LLC raised its holdings in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after buying an additional 99,591 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at $16,525,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,341 shares of company stock valued at $663,041. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH opened at $196.43 on Friday. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The stock has a market capitalization of $10.58 billion, a P/E ratio of 26.47 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company’s fifty day moving average is $220.56 and its two-hundred day moving average is $236.68.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 earnings per share. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLH. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Oppenheimer reduced their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird decreased their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $266.56.

Clean Harbors Company Profile

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.