Charles Schwab Investment Management Inc. Sells 3,936 Shares of Clean Harbors, Inc. $CLH

Charles Schwab Investment Management Inc. decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 452,490 shares of the business services provider’s stock after selling 3,936 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.84% of Clean Harbors worth $104,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. WealthBridge Capital Management LLC acquired a new stake in Clean Harbors in the 2nd quarter valued at approximately $221,000. AXQ Capital LP grew its stake in shares of Clean Harbors by 139.6% during the 2nd quarter. AXQ Capital LP now owns 3,819 shares of the business services provider’s stock worth $883,000 after acquiring an additional 2,225 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Clean Harbors by 82.2% in the second quarter. Mediolanum International Funds Ltd now owns 56,349 shares of the business services provider’s stock valued at $13,019,000 after purchasing an additional 25,426 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Clean Harbors by 1.1% in the second quarter. Legal & General Group Plc now owns 89,620 shares of the business services provider’s stock worth $20,718,000 after purchasing an additional 999 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Clean Harbors by 6.1% during the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after purchasing an additional 48 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLH. Raymond James Financial lowered their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group began coverage on Clean Harbors in a research report on Monday. They issued a “neutral” rating and a $228.00 target price on the stock. Barclays dropped their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Zacks Research downgraded Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Finally, Oppenheimer reiterated an “outperform” rating and set a $237.00 price objective on shares of Clean Harbors in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.25.

Clean Harbors Price Performance

Shares of CLH opened at $227.56 on Friday. The firm has a market capitalization of $12.16 billion, a PE ratio of 31.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.07. The company’s 50-day moving average is $224.74 and its 200-day moving average is $230.62. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $261.36.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current 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.