Clean Harbors, Inc. $CLH Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 41.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 362,730 shares of the business services provider’s stock after buying an additional 107,150 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Clean Harbors were worth $84,233,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 worth $1,686,000 after acquiring an additional 6,371 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in Clean Harbors during the third quarter worth about $216,000. Asset Management One Co. Ltd. increased its position in Clean Harbors by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 86,357 shares of the business services provider’s stock worth $20,058,000 after purchasing an additional 398 shares during the last quarter. Simon Quick Advisors LLC raised its stake in Clean Harbors by 4.9% during the third quarter. Simon Quick Advisors LLC now owns 1,402 shares of the business services provider’s stock worth $326,000 after purchasing an additional 65 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in Clean Harbors by 2,985.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 209 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 0.5%

Shares of NYSE CLH opened at $245.33 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $226.79 and its two-hundred day moving average is $232.92. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $251.43. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 34.03 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last released its quarterly 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 return on equity of 14.61% and a net margin of 6.51%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLH. Zacks Research cut shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. The Goldman Sachs Group assumed coverage on Clean Harbors in a report on Monday, November 24th. They issued a “neutral” rating and a $228.00 price objective on the stock. Wells Fargo & Company assumed coverage on Clean Harbors in a research note on Thursday, November 13th. They set an “equal weight” rating and a $220.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. Finally, Raymond James Financial decreased their price target on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $250.08.

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.