Fulcrum Asset Management LLP Lowers Stock Position in Clean Harbors, Inc. $CLH

Fulcrum Asset Management LLP reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 35.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,569 shares of the business services provider’s stock after selling 3,657 shares during the period. Fulcrum Asset Management LLP’s holdings in Clean Harbors were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Candriam S.C.A. increased its position 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 acquiring an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Clean Harbors by 7.8% in the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after purchasing an additional 15,872 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake 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 valued at $1,686,000 after purchasing an additional 6,371 shares during the period. Bessemer Group Inc. grew its stake in Clean Harbors by 8.6% in 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 purchasing an additional 87,322 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Clean Harbors by 14.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock valued at $11,997,000 after purchasing an additional 6,338 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the transaction, the executive vice president directly owned 23,193 shares in the company, valued at approximately $6,542,049.51. The trade was a 13.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 11,761 shares of company stock worth $3,361,568. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 0.1%

CLH stock opened at $290.98 on Thursday. The stock has a 50-day simple moving average of $273.14 and a two-hundred day simple moving average of $245.88. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $298.12. The firm has a market capitalization of $15.40 billion, a PE ratio of 39.97 and a beta of 0.93. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CLH shares. Barclays lifted their target price on Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Citigroup increased their target price on shares of Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Needham & Company LLC raised their price target on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $299.27.

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.