Robeco Institutional Asset Management B.V. Increases Stake in Clean Harbors, Inc. $CLH

Robeco Institutional Asset Management B.V. grew its position in Clean Harbors, Inc. (NYSE:CLH) by 715.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,262 shares of the business services provider’s stock after buying an additional 6,371 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Clean Harbors were worth $1,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Clean Harbors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Clean Harbors by 4.4% in the first quarter. Voya Investment Management LLC now owns 127,419 shares of the business services provider’s stock worth $25,114,000 after purchasing an additional 5,362 shares during the last quarter. Finally, Swedbank AB lifted its holdings in shares of Clean Harbors by 25.0% during the first quarter. Swedbank AB now owns 125,000 shares of the business services provider’s stock valued at $24,638,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CLH shares. Oppenheimer reiterated an “outperform” rating and issued a $237.00 price objective on shares of Clean Harbors in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Zacks Research downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Raymond James Financial cut their target price on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 30th. Finally, CJS Securities raised Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $250.08.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. This 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. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $253.90 on Monday. The business’s fifty day moving average is $228.79 and its 200 day moving average is $233.29. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $254.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a market capitalization of $13.57 billion, a PE ratio of 35.21 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data 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 business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

About Clean Harbors

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.