Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 7.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,821 shares of the business services provider’s stock after selling 1,194 shares during the period. Van ECK Associates Corp’s holdings in Clean Harbors were worth $2,761,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Clean Harbors by 34.5% in the third quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock worth $51,000 after acquiring an additional 78 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Clean Harbors by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,107 shares of the business services provider’s stock worth $2,113,000 after acquiring an additional 100 shares during the last quarter. Finally, Intrust Bank NA boosted its position in shares of Clean Harbors by 4.4% in the fourth quarter. Intrust Bank NA now owns 2,736 shares of the business services provider’s stock worth $477,000 after acquiring an additional 116 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,385 shares of company stock worth $6,113,742. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Robert W. Baird raised their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, Raymond James raised their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Up 0.4 %

Shares of NYSE:CLH opened at $213.35 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $195.06 and a 200 day simple moving average of $178.17. The firm has a market cap of $11.51 billion, a PE ratio of 30.88 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $215.70.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

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.