Baird Financial Group Inc. Sells 237 Shares of Clean Harbors, Inc. $CLH

Baird Financial Group Inc. lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,358 shares of the business services provider’s stock after selling 237 shares during the period. Baird Financial Group Inc.’s holdings in Clean Harbors were worth $859,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 30.9% during the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock worth $1,043,407,000 after purchasing an additional 1,249,704 shares during the period. LBP AM SA increased its stake in shares of Clean Harbors by 137.4% in the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider’s stock valued at $38,166,000 after purchasing an additional 112,073 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Clean Harbors by 309.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 143,977 shares of the business services provider’s stock valued at $28,378,000 after purchasing an additional 108,779 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Clean Harbors by 32.0% in the 1st quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider’s stock valued at $88,446,000 after purchasing an additional 108,779 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Clean Harbors during the 1st quarter worth $21,176,000. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CLH. UBS Group boosted their price objective on Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Oppenheimer boosted their price objective on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial upped their price target on Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and an average price target of $263.40.

Clean Harbors Trading Down 0.7%

NYSE:CLH opened at $236.58 on Wednesday. The company has a market cap of $12.69 billion, a P/E ratio of 33.23 and a beta of 1.22. The stock’s fifty day moving average price is $237.60 and its two-hundred day moving average price is $221.70. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $2.46 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. As a group, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at approximately $19,359,718.50. This represents a 2.47% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 3,035 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Clean Harbors Profile

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.