Thornburg Investment Management Inc. Has $14.18 Million Stake in Clean Harbors, Inc. $CLH

Thornburg Investment Management Inc. lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,053 shares of the business services provider’s stock after selling 3,976 shares during the period. Thornburg Investment Management Inc. owned about 0.11% of Clean Harbors worth $14,178,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in Clean Harbors by 145.3% during 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 during the period. Bayforest Capital Ltd acquired a new position in Clean Harbors in the 3rd quarter valued at $44,000. First Horizon Corp bought a new stake in shares of Clean Harbors during the 3rd quarter valued at $44,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of Clean Harbors by 2,985.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 209 shares during the period. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CLH. Wells Fargo & Company boosted their price target on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their target price 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. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a research report on Monday. UBS Group reduced their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Barclays lifted their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.18.

Insider Transactions at Clean Harbors

In other news, Director John R. Welch sold 750 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $273.07, for a total transaction of $204,802.50. Following the completion of the transaction, the director owned 10,237 shares of the company’s stock, valued at approximately $2,795,417.59. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer owned 50,454 shares in the company, valued at approximately $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 ninety days, insiders sold 7,679 shares of company stock valued at $2,132,403. Company insiders own 5.60% of the company’s stock.

Clean Harbors Stock Performance

NYSE CLH opened at $286.09 on Thursday. The firm’s fifty day moving average price is $258.07 and its two-hundred day moving average price is $241.08. The stock has a market cap of $15.14 billion, a PE ratio of 39.30 and a beta of 0.96. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $288.81.

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

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.