Tower Research Capital LLC TRC Lowers Holdings in Clean Harbors, Inc. (NYSE:CLH)

Tower Research Capital LLC TRC decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 50.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,591 shares of the business services provider's stock after selling 2,684 shares during the quarter. Tower Research Capital LLC TRC's holdings in Clean Harbors were worth $596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLH. Pictet Asset Management Holding SA raised its position in Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Norges Bank bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $136,974,000. Wellington Management Group LLP lifted its stake in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the period. Raymond James Financial Inc. bought a new stake in Clean Harbors in the fourth quarter valued at $57,956,000. Finally, First Trust Advisors LP increased its position in Clean Harbors by 46.7% during the 4th quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock valued at $85,138,000 after purchasing an additional 117,718 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

Shares of CLH stock traded up $4.99 on Friday, reaching $222.37. The company's stock had a trading volume of 358,108 shares, compared to its average volume of 348,453. The stock's fifty day simple moving average is $201.32 and its 200-day simple moving average is $227.28. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 29.97 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now directly owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of research reports. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday. Robert W. Baird upped their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday. Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, UBS Group lowered their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.