Jackson Square Partners LLC Sells 4,806 Shares of Clean Harbors, Inc. $CLH

Jackson Square Partners LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 22.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,029 shares of the business services provider’s stock after selling 4,806 shares during the quarter. Clean Harbors accounts for approximately 1.6% of Jackson Square Partners LLC’s holdings, making the stock its 20th biggest holding. Jackson Square Partners LLC’s holdings in Clean Harbors were worth $3,954,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Clean Harbors during the third quarter worth about $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Clean Harbors by 145.3% in the 2nd 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 in the last quarter. Bayforest Capital Ltd bought a new stake in Clean Harbors during the 3rd quarter worth approximately $44,000. First Horizon Corp acquired a new stake in Clean Harbors during the 3rd quarter valued at $44,000. Finally, Ameritas Advisory Services LLC bought a new position in Clean Harbors in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CLH shares. UBS Group decreased their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Oppenheimer raised their price objective on shares of Clean Harbors from $237.00 to $283.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Needham & Company LLC upped their target price on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group raised their price target 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. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $262.17.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of Clean Harbors stock in a transaction on Tuesday, December 16th. The stock was 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 of the company’s stock, valued at $12,154,368.60. The trade was a 1.18% 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. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Trading Up 1.7%

CLH opened at $266.64 on Friday. The firm has a 50 day simple moving average of $248.22 and a 200 day simple moving average of $237.45. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $268.22. The company has a market cap of $14.25 billion, a price-to-earnings ratio of 36.98 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09.

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.