Clean Harbors, Inc. $CLH Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 25.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 114,787 shares of the business services provider’s stock after buying an additional 23,380 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Clean Harbors were worth $26,656,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Ethic Inc. boosted its stake in Clean Harbors by 15.6% in the third quarter. Ethic Inc. now owns 3,781 shares of the business services provider’s stock valued at $878,000 after acquiring an additional 509 shares during the period. Avanza Fonder AB lifted its holdings in shares of Clean Harbors by 32.2% in the 3rd quarter. Avanza Fonder AB now owns 968 shares of the business services provider’s stock worth $225,000 after purchasing an additional 236 shares during the last quarter. CWM LLC boosted its position in Clean Harbors by 28.5% during the 3rd quarter. CWM LLC now owns 1,308 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 290 shares during the period. Pacer Advisors Inc. boosted its position in Clean Harbors by 332.9% during the 3rd quarter. Pacer Advisors Inc. now owns 6,650 shares of the business services provider’s stock valued at $1,544,000 after purchasing an additional 5,114 shares during the period. Finally, Swedbank AB grew its stake in Clean Harbors by 12.0% during the 3rd quarter. Swedbank AB now owns 140,000 shares of the business services provider’s stock worth $32,511,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated 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 directly owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CLH shares. Citigroup began coverage on shares of Clean Harbors in a report on Wednesday, December 10th. They set a “neutral” rating and a $263.00 price target for the company. Raymond James Financial cut their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group started coverage on shares of Clean Harbors in a research report on Monday, November 24th. They issued a “neutral” rating and a $228.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. Finally, Zacks Research downgraded Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $250.08.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $237.84 on Wednesday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $251.43. The firm has a market cap of $12.71 billion, a P/E ratio of 32.99 and a beta of 0.95. The stock has a fifty day moving average price of $227.04 and a two-hundred day moving average price of $232.41. 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 (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $2.12 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

About Clean Harbors

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.