Allianz Asset Management GmbH Sells 18,214 Shares of Clean Harbors, Inc. (NYSE:CLH)

Allianz Asset Management GmbH trimmed its holdings in Clean Harbors, Inc. (NYSE:CLHFree Report) by 21.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,643 shares of the business services provider’s stock after selling 18,214 shares during the quarter. Allianz Asset Management GmbH owned 0.12% of Clean Harbors worth $11,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. Sigma Planning Corp purchased a new position in shares of Clean Harbors in the third quarter worth about $332,000. Amalgamated Bank increased its stake in Clean Harbors by 10.7% in the 3rd quarter. Amalgamated Bank now owns 38,006 shares of the business services provider’s stock worth $6,361,000 after purchasing an additional 3,661 shares during the period. Van ECK Associates Corp lifted its position in Clean Harbors by 12.2% in the third quarter. Van ECK Associates Corp now owns 17,015 shares of the business services provider’s stock valued at $2,848,000 after purchasing an additional 1,850 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Clean Harbors by 154.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 6,769 shares of the business services provider’s stock valued at $1,133,000 after purchasing an additional 4,107 shares during the period. Finally, Pathstone Family Office LLC increased its stake in shares of Clean Harbors by 116.3% in the third quarter. Pathstone Family Office LLC now owns 4,925 shares of the business services provider’s stock worth $824,000 after buying an additional 2,648 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 1,148 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the transaction, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,533 shares of company stock worth $6,364,167. Company insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a research report on Thursday, May 2nd. Oppenheimer lifted their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Raymond James raised their target price on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $216.40.

Check Out Our Latest Stock Analysis on Clean Harbors

Clean Harbors Price Performance

Shares of NYSE CLH opened at $216.59 on Monday. The firm has a market cap of $11.68 billion, a P/E ratio of 31.34 and a beta of 1.22. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $218.72. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $204.13 and a 200 day moving average of $185.52.

Clean Harbors (NYSE:CLHGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business earned $1.36 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Clean Harbors, Inc. will post 7.47 EPS for the current fiscal year.

Clean Harbors Company Profile

(Free Report)

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.

See Also

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

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