DAVENPORT & Co LLC Decreases Stock Holdings in Clean Harbors, Inc. $CLH

DAVENPORT & Co LLC lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,684 shares of the business services provider’s stock after selling 4,249 shares during the quarter. DAVENPORT & Co LLC’s holdings in Clean Harbors were worth $103,551,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in 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 purchasing an additional 43 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Clean Harbors by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock worth $3,636,000 after purchasing an additional 48 shares during the period. 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 buying an additional 48 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Clean Harbors by 2.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after buying an additional 53 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Clean Harbors by 1.4% during 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 buying an additional 60 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH opened at $239.50 on Wednesday. The business has a 50-day simple moving average of $226.72 and a two-hundred day simple moving average of $231.92. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $251.43. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 33.22 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 earnings per share. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the company’s 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 transaction, 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 SEC, which is available through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLH. Raymond James Financial cut their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $237.00 target price on shares of Clean Harbors in a research report on Thursday, October 30th. Citigroup initiated coverage on Clean Harbors in a research note on Wednesday, December 10th. They set a “neutral” rating and a $263.00 price target for the company. Wells Fargo & Company began coverage on shares of Clean Harbors in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $250.08.

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.