Clean Harbors, Inc. $CLH Holdings Trimmed by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 210,239 shares of the business services provider’s stock after selling 3,872 shares during the quarter. Clean Harbors comprises about 8.1% of 12th Street Asset Management Company LLC’s holdings, making the stock its largest position. 12th Street Asset Management Company LLC’s holdings in Clean Harbors were worth $49,297,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after buying an additional 12,452 shares during the last quarter. Snyder Capital Management L P boosted its position in shares of Clean Harbors by 7.9% in the 3rd quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after buying an additional 83,638 shares in the last quarter. Bessemer Group Inc. grew its stake in Clean Harbors by 8.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after acquiring an additional 87,322 shares during the last quarter. Nordea Investment Management AB increased its holdings in Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after acquiring an additional 569,388 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Clean Harbors by 18.5% during the 3rd quarter. First Trust Advisors LP now owns 651,685 shares of the business services provider’s stock valued at $151,334,000 after acquiring an additional 101,509 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CLH. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a report on Monday, February 23rd. TD Cowen raised their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Needham & Company LLC increased their target price on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.08.

Clean Harbors Price Performance

CLH stock opened at $287.10 on Tuesday. The stock has a market capitalization of $15.17 billion, a price-to-earnings ratio of 38.90 and a beta of 0.92. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The stock’s fifty day simple moving average is $295.85 and its 200-day simple moving average is $266.28.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,519 shares of company stock worth $1,907,663 in the last three months. Company insiders own 5.00% 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.