Clean Harbors, Inc. $CLH Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,190 shares of the business services provider’s stock after selling 72 shares during the quarter. EP Wealth Advisors LLC’s holdings in Clean Harbors were worth $235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in 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 buying an additional 1,249,704 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Clean Harbors by 4.8% during the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock valued at $403,085,000 after acquiring an additional 80,436 shares during the period. Zurich Insurance Group Ltd FI boosted its stake in shares of Clean Harbors by 21.7% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider’s stock worth $119,882,000 after acquiring an additional 92,785 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Clean Harbors by 11.1% in the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider’s stock worth $94,002,000 after acquiring an additional 48,447 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Clean Harbors by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock valued at $89,962,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Raymond James Financial boosted their target price on Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. UBS Group raised their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Oppenheimer upped their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a report 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $263.40.

Clean Harbors Stock Down 0.7%

CLH opened at $236.58 on Wednesday. The firm has a market cap of $12.69 billion, a P/E ratio of 33.23 and a beta of 1.22. The business’s fifty day simple moving average is $237.60 and its 200 day simple moving average is $221.70. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $2.46 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

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

Clean Harbors Company 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.