Fort Washington Investment Advisors Inc. OH Sells 23,061 Shares of Clean Harbors, Inc. $CLH

Fort Washington Investment Advisors Inc. OH trimmed its stake in Clean Harbors, Inc. (NYSE:CLH) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 91,726 shares of the business services provider’s stock after selling 23,061 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.17% of Clean Harbors worth $21,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Candriam S.C.A. grew its stake in Clean Harbors by 36.4% in the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after buying an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after acquiring an additional 15,872 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted 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 acquiring an additional 6,371 shares during the period. Bessemer Group Inc. boosted its holdings in Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after acquiring an additional 87,322 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CLH shares. The Goldman Sachs Group boosted their price objective on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. BMO Capital Markets upped their price target on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $299.27.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president directly owned 23,193 shares in the company, valued at $6,542,049.51. This trade represents a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,597 shares of company stock valued at $3,895,286 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Down 1.3%

CLH stock opened at $279.24 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $298.12. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The company has a market cap of $14.77 billion, a PE ratio of 38.36 and a beta of 0.93. The business’s 50-day simple moving average is $276.85 and its 200 day simple moving average is $247.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company 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.