Principal Financial Group Inc. Sells 2,239 Shares of Clean Harbors, Inc. $CLH

Principal Financial Group Inc. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,983 shares of the business services provider’s stock after selling 2,239 shares during the period. Principal Financial Group Inc.’s holdings in Clean Harbors were worth $26,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after buying an additional 43 shares during the last quarter. MAI Capital Management grew its stake in shares of Clean Harbors by 6.1% in the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after purchasing an additional 48 shares during the last quarter. HB Wealth Management LLC raised its position in Clean Harbors by 5.2% during the 3rd quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after purchasing an additional 49 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Clean Harbors by 0.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after buying an additional 49 shares during the period. Finally, SkyView Investment Advisors LLC increased its stake in shares of Clean Harbors by 2.3% in the second 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. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLH. Needham & Company LLC raised their price objective on Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Raymond James Financial dropped 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 report on Thursday, October 30th. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Finally, Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Two 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 company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Clean Harbors Trading Up 1.7%

CLH opened at $266.64 on Friday. The company has a fifty day moving average price of $248.22 and a two-hundred day moving average price of $237.38. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $268.22. The company has a market cap of $14.25 billion, a P/E ratio of 36.98 and a beta of 0.96. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.60% of the company’s stock.

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.