Advisors Asset Management Inc. Sells 5,237 Shares of Clean Harbors, Inc. $CLH

Advisors Asset Management Inc. lessened its position in Clean Harbors, Inc. (NYSE:CLH) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,805 shares of the business services provider’s stock after selling 5,237 shares during the quarter. Advisors Asset Management Inc.’s holdings in Clean Harbors were worth $2,974,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLH. Allworth Financial LP grew its position in shares of Clean Harbors by 22.8% in the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 43 shares during the last quarter. MAI Capital Management grew its holdings in Clean Harbors by 6.1% in the 2nd quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock valued at $194,000 after buying an additional 48 shares during the last quarter. HB Wealth Management LLC increased its position in Clean Harbors by 5.2% in the 3rd quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after buying an additional 49 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Clean Harbors by 0.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after buying an additional 49 shares during the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in shares of Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of research reports. Citigroup boosted their target price on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. 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 report on Thursday, October 30th. UBS Group reduced their target price on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Finally, Needham & Company LLC raised their price objective on Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $262.17.

Insider Buying and Selling

In other Clean Harbors 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 sale, the chief executive officer directly owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

Clean Harbors stock opened at $274.61 on Friday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 38.09 and a beta of 0.96. The stock has a fifty day moving average price of $251.70 and a two-hundred day moving average price of $238.73. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $276.51. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09.

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.