Robeco Schweiz AG Acquires 8,083 Shares of Clean Harbors, Inc. $CLH

Robeco Schweiz AG grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 85.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,583 shares of the business services provider’s stock after buying an additional 8,083 shares during the quarter. Robeco Schweiz AG’s holdings in Clean Harbors were worth $5,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLH. Citizens Financial Group Inc. RI increased its stake in Clean Harbors by 137.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,652 shares of the business services provider’s stock worth $512,000 after purchasing an additional 956 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Clean Harbors by 2.4% in the third quarter. Evergreen Capital Management LLC now owns 2,271 shares of the business services provider’s stock worth $705,000 after purchasing an additional 54 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Clean Harbors by 3.4% in the third quarter. RWC Asset Management LLP now owns 2,403 shares of the business services provider’s stock worth $745,000 after purchasing an additional 80 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of Clean Harbors by 9.1% in the third quarter. Tectonic Advisors LLC now owns 36,545 shares of the business services provider’s stock worth $11,337,000 after purchasing an additional 3,034 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in Clean Harbors by 11.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,339 shares of the business services provider’s stock worth $726,000 after buying an additional 233 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. William Blair downgraded shares of Clean Harbors from an “outperform” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC boosted their price target on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup increased their price objective on Clean Harbors from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Finally, UBS Group raised Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $325.00 to $375.00 in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $363.07.

Insider Buying and Selling

In other news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Trading Down 0.6%

Shares of NYSE:CLH opened at $319.02 on Friday. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The business’s fifty day simple moving average is $317.02 and its 200-day simple moving average is $305.38. The company has a market capitalization of $16.84 billion, a PE ratio of 38.72, a P/E/G ratio of 1.85 and a beta of 0.87. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 earnings per share. As a group, equities research analysts predict that Clean Harbors, Inc. will post 9.94 earnings per share for the current fiscal year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.