Verition Fund Management LLC Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Verition Fund Management LLC lessened its holdings in Clean Harbors, Inc. (NYSE:CLHGet Rating) by 65.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,192 shares of the business services provider’s stock after selling 15,708 shares during the period. Verition Fund Management LLC’s holdings in Clean Harbors were worth $915,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLH. UMB Bank N A MO raised its position in Clean Harbors by 656.3% during the first quarter. UMB Bank N A MO now owns 242 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Clean Harbors during the first quarter valued at about $29,000. Huntington National Bank raised its position in Clean Harbors by 153.9% during the first quarter. Huntington National Bank now owns 391 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 237 shares in the last quarter. Quent Capital LLC purchased a new stake in Clean Harbors during the fourth quarter valued at about $50,000. Finally, Lazard Asset Management LLC raised its position in Clean Harbors by 107.9% during the first quarter. Lazard Asset Management LLC now owns 578 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 1,095 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $106.37, for a total value of $116,475.15. Following the sale, the director now directly owns 10,719 shares of the company’s stock, valued at approximately $1,140,180.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Andrea Robertson sold 1,095 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $106.37, for a total value of $116,475.15. Following the completion of the transaction, the director now directly owns 10,719 shares in the company, valued at approximately $1,140,180.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 2,003 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $122.42, for a total transaction of $245,207.26. Following the completion of the transaction, the executive vice president now owns 62,103 shares of the company’s stock, valued at $7,602,649.26. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Analysts Set New Price Targets

CLH has been the topic of a number of research reports. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 4th. Raymond James lifted their price objective on Clean Harbors from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 4th. Stifel Nicolaus lifted their price objective on Clean Harbors from $127.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. Needham & Company LLC lifted their price objective on Clean Harbors from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Finally, DA Davidson lifted their price objective on Clean Harbors to $150.00 in a report on Tuesday, August 9th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $139.14.

Clean Harbors Stock Performance

Shares of CLH opened at $115.70 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average price is $110.07 and its 200-day moving average price is $102.08. Clean Harbors, Inc. has a 52 week low of $81.56 and a 52 week high of $124.49. The stock has a market cap of $6.26 billion, a P/E ratio of 20.51 and a beta of 1.43.

Clean Harbors (NYSE:CLHGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.91. Clean Harbors had a return on equity of 18.40% and a net margin of 6.70%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 46.8% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors, Inc. will post 6.53 earnings per share for the current fiscal year.

Clean Harbors Profile

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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