Clean Harbors, Inc. $CLH Position Raised by CI Investments Inc.

CI Investments Inc. grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 148.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,337 shares of the business services provider’s stock after acquiring an additional 22,281 shares during the quarter. CI Investments Inc. owned about 0.07% of Clean Harbors worth $8,670,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CLH. Candriam S.C.A. raised its holdings in shares of Clean Harbors by 36.4% during the third 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. grew its holdings in Clean Harbors by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after buying an additional 15,872 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Clean Harbors by 715.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock worth $1,686,000 after buying an additional 6,371 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in Clean Harbors by 127.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after acquiring an additional 8,514 shares during the period. Finally, Bessemer Group Inc. raised its stake in Clean Harbors by 8.6% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 1.5%

NYSE CLH opened at $292.75 on Thursday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $298.12. The company has a market capitalization of $15.49 billion, a P/E ratio of 40.21 and a beta of 0.93. The company’s 50 day simple moving average is $263.57 and its 200 day simple moving average is $242.81. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CLH shares. Wells Fargo & Company increased their price target on Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Robert W. Baird set a $300.00 target price on shares of Clean Harbors in a research report on Thursday, February 19th. Barclays boosted 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. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Citigroup raised their price objective on shares of Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Two 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.18.

Insider Buying and Selling

In other news, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at $4,482,112.23. The trade was a 14.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value 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 $12,154,368.60. This trade represents a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,679 shares of company stock valued at $2,132,403. Insiders own 5.60% of the company’s stock.

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.