Clean Harbors, Inc. $CLH Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC cut its position in Clean Harbors, Inc. (NYSE:CLH) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 214,111 shares of the business services provider’s stock after selling 3,521 shares during the period. Clean Harbors makes up 8.4% of 12th Street Asset Management Company LLC’s holdings, making the stock its 2nd largest position. 12th Street Asset Management Company LLC owned approximately 0.40% of Clean Harbors worth $49,721,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Clean Harbors by 8.6% in the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after acquiring an additional 87,322 shares during the period. Norges Bank purchased a new position in shares of Clean Harbors in the 2nd quarter valued at about $147,632,000. First Trust Advisors LP increased its stake 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 valued at $127,190,000 after purchasing an additional 14,865 shares in the last quarter. Nordea Investment Management AB acquired a new position in Clean Harbors in the 3rd quarter worth about $108,608,000. Finally, Bank of New York Mellon Corp boosted its position in Clean Harbors by 14.6% during the second 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent analyst reports. Barclays cut their price objective on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Needham & Company LLC boosted their price target on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citigroup upped their price objective 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. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial reduced 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 report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $262.17.

Clean Harbors Stock Down 2.8%

Shares of CLH opened at $266.94 on Friday. The company’s 50-day moving average price is $250.96 and its 200 day moving average price is $238.45. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $276.51. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00. The firm has a market cap of $14.26 billion, a P/E ratio of 37.02 and a beta of 0.96.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the 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 transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

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.