Clean Harbors, Inc. $CLH Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in Clean Harbors, Inc. (NYSE:CLH) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,486 shares of the business services provider’s stock after selling 2,158 shares during the period. Rhumbline Advisers owned approximately 0.25% of Clean Harbors worth $30,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLH. Allworth Financial LP raised its holdings in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after buying an additional 43 shares during the last quarter. MAI Capital Management raised its stake in Clean Harbors by 6.1% during the 2nd quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 48 shares in the last quarter. HB Wealth Management LLC boosted its position in Clean Harbors by 5.2% during the 3rd quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after acquiring an additional 49 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Clean Harbors by 0.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after purchasing an additional 49 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CLH. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Citigroup increased their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Wells Fargo & Company boosted their target price on Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Needham & Company LLC lifted their price target on Clean Harbors from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Two 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 stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and a consensus price target of $262.17.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $274.61 on Monday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $276.51. The business’s fifty day moving average is $251.70 and its two-hundred day moving average is $238.78. The stock has a market capitalization of $14.67 billion, a P/E ratio of 38.09 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44.

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.