Allianz Asset Management GmbH Sells 8,645 Shares of Clean Harbors, Inc. $CLH

Allianz Asset Management GmbH cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,355 shares of the business services provider’s stock after selling 8,645 shares during the quarter. Allianz Asset Management GmbH’s holdings in Clean Harbors were worth $43,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of Clean Harbors by 102.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after purchasing an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Clean Harbors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after buying an additional 5,884 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Clean Harbors during the second quarter valued at about $48,000. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Clean Harbors by 2.0% in the second quarter. KLP Kapitalforvaltning AS now owns 15,200 shares of the business services provider’s stock worth $3,514,000 after acquiring an additional 300 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CLH shares. The Goldman Sachs Group lifted their target price on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Barclays reduced 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 research report on Thursday, October 30th. UBS Group dropped their target price on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial decreased their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 601 shares of the 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 transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Price Performance

Clean Harbors stock opened at $262.13 on Friday. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 36.36 and a beta of 0.96. The firm’s fifty day moving average is $247.44 and its 200 day moving average is $237.11. 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 $268.22.

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.