Clean Harbors, Inc. $CLH Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH) by 85.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,788 shares of the business services provider’s stock after selling 123,189 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Clean Harbors were worth $4,806,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Perpetual Ltd grew its position in Clean Harbors by 0.4% in the 2nd quarter. Perpetual Ltd now owns 60,931 shares of the business services provider’s stock valued at $14,086,000 after buying an additional 217 shares during the last quarter. Cooper Investors PTY Ltd. grew its position in Clean Harbors by 12.3% in the 2nd quarter. Cooper Investors PTY Ltd. now owns 27,522 shares of the business services provider’s stock valued at $6,363,000 after buying an additional 3,023 shares during the last quarter. Sky Investment Group LLC purchased a new position in Clean Harbors in the 2nd quarter valued at $208,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Clean Harbors in the 2nd quarter valued at $237,000. Finally, Atticus Wealth Management LLC grew its position in Clean Harbors by 13.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock valued at $123,000 after buying an additional 65 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Andrea Robertson sold 836 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the sale, the director directly owned 9,888 shares in the company, valued at $2,310,232.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Louis Battles acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the completion of the transaction, the chief executive officer directly owned 82,911 shares in the company, valued at approximately $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CLH shares. Oppenheimer lifted their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Barclays started coverage on shares of Clean Harbors in a research report on Friday, September 19th. They issued an “equal weight” rating and a $253.00 price objective on the stock. Raymond James Financial lifted their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, UBS Group boosted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.45.

Clean Harbors Price Performance

Clean Harbors stock opened at $233.23 on Thursday. 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. The firm’s 50-day simple moving average is $238.51 and its 200 day simple moving average is $223.80. The firm has a market capitalization of $12.51 billion, a PE ratio of 32.76 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $2.46 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.