Clean Harbors, Inc. (NYSE:CLH) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in Clean Harbors, Inc. (NYSE:CLHFree Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 163,575 shares of the business services provider’s stock after selling 4,169 shares during the quarter. First Trust Advisors LP owned 0.30% of Clean Harbors worth $28,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CLH. Van ECK Associates Corp raised its stake in shares of Clean Harbors by 12.2% in the 3rd quarter. Van ECK Associates Corp now owns 17,015 shares of the business services provider’s stock valued at $2,848,000 after acquiring an additional 1,850 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Clean Harbors by 154.3% in the 3rd 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 in the last quarter. Pathstone Family Office LLC raised its position in 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 valued at $824,000 after purchasing an additional 2,648 shares during the period. HighTower Advisors LLC boosted its position in shares of Clean Harbors by 3.3% in the third quarter. HighTower Advisors LLC now owns 6,479 shares of the business services provider’s stock worth $1,092,000 after buying an additional 208 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of Clean Harbors by 3,711.0% in the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after buying an additional 270,009 shares in the last quarter. Hedge funds and other 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 the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction 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 directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold a total of 32,533 shares of company stock worth $6,364,167 over the last 90 days. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets raised their target price on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Raymond James upped their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $216.40.

Check Out Our Latest Stock Analysis on Clean Harbors

Clean Harbors Stock Up 0.8 %

NYSE:CLH opened at $215.67 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 31.21 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $221.51. The stock has a 50-day simple moving average of $205.70 and a 200 day simple moving average of $187.32.

Clean Harbors (NYSE:CLHGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 EPS. Sell-side analysts predict 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

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

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