DAVENPORT & Co LLC Sells 4,249 Shares of Clean Harbors, Inc. $CLH

DAVENPORT & Co LLC trimmed its stake in Clean Harbors, Inc. (NYSE:CLH) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,684 shares of the business services provider’s stock after selling 4,249 shares during the period. DAVENPORT & Co LLC owned 0.83% of Clean Harbors worth $103,551,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Munro Partners raised its stake in Clean Harbors by 123.9% in the third quarter. Munro Partners now owns 77,004 shares of the business services provider’s stock worth $17,882,000 after buying an additional 42,605 shares in the last quarter. Thomasville National Bank raised its position in shares of Clean Harbors by 90.2% in the 3rd quarter. Thomasville National Bank now owns 2,979 shares of the business services provider’s stock worth $692,000 after acquiring an additional 1,413 shares in the last quarter. Perpetual Ltd lifted its stake in shares of Clean Harbors by 1.1% in the 3rd quarter. Perpetual Ltd now owns 61,589 shares of the business services provider’s stock valued at $14,302,000 after purchasing an additional 658 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of Clean Harbors by 2.3% in the 3rd quarter. Fiduciary Alliance LLC now owns 3,113 shares of the business services provider’s stock valued at $723,000 after purchasing an additional 70 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Clean Harbors by 26.8% during the third quarter. Assenagon Asset Management S.A. now owns 26,351 shares of the business services provider’s stock valued at $6,119,000 after purchasing an additional 5,563 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $239.50 on Wednesday. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 33.22 and a beta of 0.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $251.43. The company’s 50-day moving average is $226.72 and its 200 day moving average is $231.92.

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

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the sale, the chief executive officer directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLH. Citigroup initiated coverage on Clean Harbors in a report on Wednesday, December 10th. They issued a “neutral” rating and a $263.00 price objective for the company. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. Barclays dropped their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Zacks Research cut shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.08.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.