American Century Companies Inc. Sells 36,390 Shares of Clean Harbors, Inc. $CLH

American Century Companies Inc. trimmed its stake in Clean Harbors, Inc. (NYSE:CLH) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,057 shares of the business services provider’s stock after selling 36,390 shares during the period. American Century Companies Inc. owned about 0.42% of Clean Harbors worth $51,799,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in Clean Harbors during the third quarter worth about $30,000. Golden State Wealth Management LLC lifted its position in shares of Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $44,000. First Horizon Corp acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. increased its position in shares of Clean Harbors by 2,985.7% during the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 209 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $289.40 on Friday. The stock has a market capitalization of $15.31 billion, a P/E ratio of 39.75 and a beta of 0.93. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $298.12. The firm has a 50 day moving average of $264.55 and a 200-day moving average of $243.14.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $1.55 EPS. Clean Harbors’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the sale, the chief financial officer directly owned 15,933 shares in the company, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,679 shares of company stock valued at $2,132,403. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a research report on Thursday, February 19th. Barclays increased their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Needham & Company LLC lifted their price objective on Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $292.18.

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.