Clean Harbors, Inc. $CLH is Leeward Investments LLC MA’s 4th Largest Position

Leeward Investments LLC MA decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 140,651 shares of the business services provider’s stock after selling 4,323 shares during the quarter. Clean Harbors makes up approximately 2.0% of Leeward Investments LLC MA’s investment portfolio, making the stock its 4th largest position. Leeward Investments LLC MA’s holdings in Clean Harbors were worth $40,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its position in Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp lifted its position in Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after acquiring an additional 196 shares during the period. Goldman Sachs Group Inc. lifted its position in Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Clean Harbors by 65.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 1,908 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE CLH opened at $289.19 on Wednesday. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 39.19 and a beta of 0.87. The business’s 50 day moving average is $293.66 and its two-hundred day moving average is $276.60. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

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

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CLH shares. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Barclays upped their price objective on shares of Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, The Goldman Sachs Group raised their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors Company 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.