Intech Investment Management LLC Sells 5,091 Shares of Clean Harbors, Inc. $CLH

Intech Investment Management LLC reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 42.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,779 shares of the business services provider’s stock after selling 5,091 shares during the quarter. Intech Investment Management LLC’s holdings in Clean Harbors were worth $1,590,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Clean Harbors by 5.4% in the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after purchasing an additional 53 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in Clean Harbors by 2.3% in the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after purchasing an additional 53 shares in the last quarter. US Bancorp DE increased its holdings in Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after purchasing an additional 54 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after purchasing an additional 60 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in Clean Harbors by 102.7% in the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research analyst reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. Needham & Company LLC lifted their target price on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. The Goldman Sachs Group raised their price objective on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Finally, TD Cowen raised their price objective on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.23.

Clean Harbors Trading Up 0.1%

Shares of Clean Harbors stock opened at $286.82 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The stock has a 50 day moving average price of $295.15 and a two-hundred day moving average price of $270.56. The stock has a market capitalization of $15.16 billion, a PE ratio of 38.86 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Marcy L. Reed sold 836 shares of the firm’s 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 completion of the sale, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 7,308 shares of company stock worth $2,133,467. 5.00% of the stock is currently owned by insiders.

About Clean Harbors

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.