Clean Harbors, Inc. $CLH Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 34.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 159,160 shares of the business services provider’s stock after selling 83,605 shares during the period. Victory Capital Management Inc. owned about 0.30% of Clean Harbors worth $36,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Clean Harbors in the third quarter valued at about $30,000. Golden State Wealth Management LLC raised its stake in shares of 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 buying an additional 109 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors during the 3rd quarter worth approximately $44,000. First Horizon Corp acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $44,000. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Clean Harbors by 2,985.7% in the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after buying an additional 209 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLH. Citigroup upped their price objective on Clean Harbors from $274.00 to $302.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Oppenheimer raised their target price on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Robert W. Baird set a $300.00 target price on shares of Clean Harbors in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Finally, Barclays raised 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, February 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $292.18.

Clean Harbors Stock Down 2.3%

Clean Harbors stock opened at $282.97 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 38.87 and a beta of 0.92. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The stock’s fifty day moving average is $265.39 and its two-hundred day moving average is $243.40.

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

Insider Buying and Selling at Clean Harbors

In other 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 sale, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,679 shares of company stock worth $2,132,403. 5.60% of the stock is currently owned by insiders.

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.