Voya Investment Management LLC Sells 161,658 Shares of Clean Harbors, Inc. $CLH

Voya Investment Management LLC lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 91.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,216 shares of the business services provider’s stock after selling 161,658 shares during the quarter. Voya Investment Management LLC’s holdings in Clean Harbors were worth $3,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares during the last quarter. Quarry LP acquired a new position in shares of Clean Harbors in the first quarter valued at approximately $48,000. Ameritas Advisory Services LLC bought a new position in shares of Clean Harbors during the second quarter worth approximately $48,000. Allworth Financial LP increased its stake in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after purchasing an additional 43 shares during the period. Finally, Assetmark Inc. lifted its holdings in Clean Harbors by 41.1% during the 2nd quarter. Assetmark Inc. now owns 292 shares of the business services provider’s stock worth $68,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CLH shares. Citigroup started coverage on Clean Harbors in a report on Wednesday, December 10th. They issued a “neutral” rating and a $263.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Clean Harbors in a research note on Monday, November 24th. They issued a “neutral” rating and a $228.00 price target on the stock. Barclays lowered their price target on shares of 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 downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, Oppenheimer restated an “outperform” rating and set a $237.00 target price on shares of Clean Harbors in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.08.

Clean Harbors Trading Up 0.3%

CLH opened at $240.83 on Friday. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 33.40 and a beta of 0.95. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $251.43. The company has a 50-day simple moving average of $227.14 and a 200 day simple moving average of $232.14.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Clean Harbors’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is owned by insiders.

Clean Harbors 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.