Impax Asset Management Group plc Sells 104,114 Shares of Clean Harbors, Inc. $CLH

Impax Asset Management Group plc cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252,141 shares of the business services provider’s stock after selling 104,114 shares during the quarter. Impax Asset Management Group plc’s holdings in Clean Harbors were worth $57,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Robeco Institutional Asset Management B.V. lifted its stake in shares of Clean Harbors by 715.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock valued at $1,686,000 after buying an additional 6,371 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in Clean Harbors by 127.2% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after acquiring an additional 8,514 shares during the period. Candriam S.C.A. lifted its position in shares of Clean Harbors by 36.4% in the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after acquiring an additional 18,367 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after purchasing an additional 87,322 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Clean Harbors by 14.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock valued at $11,997,000 after purchasing an additional 6,338 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $268.17 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a market capitalization of $14.33 billion, a PE ratio of 37.19 and a beta of 0.96. The company has a 50 day moving average price of $249.58 and a 200-day moving average price of $238.00. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $273.28.

Analyst Ratings Changes

CLH has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Oppenheimer upped their price objective on Clean Harbors from $237.00 to $283.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Barclays decreased their price objective on 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. Finally, Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

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.