Assenagon Asset Management S.A. Purchases 79,363 Shares of Clean Harbors, Inc. $CLH

Assenagon Asset Management S.A. grew its position in Clean Harbors, Inc. (NYSE:CLH) by 301.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,714 shares of the business services provider’s stock after buying an additional 79,363 shares during the quarter. Assenagon Asset Management S.A. owned 0.20% of Clean Harbors worth $24,788,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at $30,000. True Wealth Design LLC raised its holdings in shares of Clean Harbors by 102.7% during the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Clean Harbors during the 3rd quarter worth $44,000. First Horizon Corp bought a new stake in shares of Clean Harbors during the 3rd quarter worth $44,000. Finally, SJS Investment Consulting Inc. boosted its stake in Clean Harbors by 2,985.7% in the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.1%

NYSE:CLH opened at $288.41 on Thursday. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company has a market cap of $15.26 billion, a PE ratio of 39.62 and a beta of 0.93. The firm’s 50 day simple moving average is $276.26 and its 200 day simple moving average is $247.42.

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

Insider Transactions at Clean Harbors

In related news, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the sale, the executive vice president owned 48,728 shares in the company, valued at $14,296,307.92. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CLH shares. Robert W. Baird set a $300.00 target price on Clean Harbors in a research report on Thursday, February 19th. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a research note on Monday, February 23rd. Citigroup lifted their price target on shares of Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a report on Friday, February 20th. UBS Group upped their price objective on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Zacks Research upgraded shares of 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, six have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.27.

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.