Impax Asset Management Group plc Sells 104,114 Shares of Clean Harbors, Inc. $CLH

Impax Asset Management Group plc lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,141 shares of the business services provider’s stock after selling 104,114 shares during the quarter. Impax Asset Management Group plc owned approximately 0.47% of Clean Harbors worth $57,690,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of 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 last quarter. Norges Bank purchased a new stake in Clean Harbors in the 2nd quarter worth approximately $147,632,000. First Trust Advisors LP grew its position in shares of Clean Harbors by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock worth $127,190,000 after buying an additional 14,865 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $108,608,000. Finally, Bank of New York Mellon Corp raised its holdings in Clean Harbors by 14.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock worth $97,795,000 after purchasing an additional 53,828 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Up 0.2%

CLH opened at $268.17 on Wednesday. The stock has a market capitalization of $14.33 billion, a price-to-earnings ratio of 37.19 and a beta of 0.96. The firm has a 50 day moving average price of $249.58 and a 200-day moving average price of $238.00. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $273.28. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CLH shares. Barclays cut their price objective on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Raymond James Financial decreased their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Clean Harbors from $237.00 to $283.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.