Impax Asset Management Group plc Cuts Stake in Clean Harbors, Inc. (NYSE:CLH)

Impax Asset Management Group plc reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 439,977 shares of the business services provider’s stock after selling 5,863 shares during the quarter. Impax Asset Management Group plc’s holdings in Clean Harbors were worth $105,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Moody National Bank Trust Division grew its position in shares of Clean Harbors by 1.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after acquiring an additional 47 shares in the last quarter. Quent Capital LLC boosted its stake in Clean Harbors by 6.9% during the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after buying an additional 47 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV grew its position in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after buying an additional 51 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CLH. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One 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. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Trading Up 2.0 %

CLH opened at $237.70 on Tuesday. The firm’s fifty day moving average is $246.34 and its two-hundred day moving average is $229.78. The firm has a market cap of $12.81 billion, a PE ratio of 30.95 and a beta of 1.20. Clean Harbors, Inc. has a twelve month low of $152.57 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.39 EPS for the current year.

Insider Activity

In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred 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 sale, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated 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 in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last three months. Corporate insiders own 5.90% of the company’s stock.

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.