Candriam S.C.A. Acquires 18,367 Shares of Clean Harbors, Inc. $CLH

Candriam S.C.A. lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 36.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,867 shares of the business services provider’s stock after acquiring an additional 18,367 shares during the quarter. Candriam S.C.A. owned 0.13% of Clean Harbors worth $15,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CLH. Robeco Institutional Asset Management B.V. lifted its holdings in Clean Harbors by 715.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock valued at $1,686,000 after purchasing an additional 6,371 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Clean Harbors by 127.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after purchasing an additional 8,514 shares during the period. Bessemer Group Inc. lifted its stake in shares of Clean Harbors by 8.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after buying an additional 87,322 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Clean Harbors by 14.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock valued at $11,997,000 after buying an additional 6,338 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in Clean Harbors during the 3rd quarter valued at $108,608,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Citigroup lifted their target price on Clean Harbors from $263.00 to $274.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Needham & Company LLC raised their price objective on shares of Clean Harbors from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Oppenheimer boosted their price objective on shares of Clean Harbors from $237.00 to $283.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

Insiders Place Their Bets

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

Clean Harbors Trading Up 0.6%

Shares of CLH opened at $267.66 on Tuesday. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $269.70. The company has a market capitalization of $14.30 billion, a P/E ratio of 37.12 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09. The firm’s 50 day simple moving average is $249.00 and its 200 day simple moving average is $237.76.

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.