Thrivent Financial for Lutherans Sells 16,736 Shares of Clean Harbors, Inc. $CLH

Thrivent Financial for Lutherans decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,526 shares of the business services provider’s stock after selling 16,736 shares during the period. Thrivent Financial for Lutherans owned 0.12% of Clean Harbors worth $15,217,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CLH. Norges Bank purchased a new position in Clean Harbors in the 2nd quarter valued at approximately $147,632,000. Nordea Investment Management AB purchased a new stake in shares of Clean Harbors during the third quarter worth $108,608,000. William Blair Investment Management LLC bought a new position in shares of Clean Harbors in the second quarter worth $95,115,000. Westfield Capital Management Co. LP purchased a new position in shares of Clean Harbors in the second quarter valued at $44,446,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Clean Harbors by 41.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 362,730 shares of the business services provider’s stock valued at $84,233,000 after purchasing an additional 107,150 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 601 shares of the 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 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $260.99 on Wednesday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $268.22. 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 stock has a market cap of $13.94 billion, a P/E ratio of 36.20 and a beta of 0.96. The firm’s fifty day moving average price is $246.07 and its 200-day moving average price is $236.76.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group cut their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group boosted their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Barclays lowered their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $262.17.

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.