Nuveen LLC Invests $21.18 Million in Clean Harbors, Inc. $CLH

Key Points

• Nuveen LLC has acquired 107,439 shares of Clean Harbors, Inc. for approximately $21.18 million, representing about 0.20% of the company's stock as of their latest SEC filing.
• Clean Harbors reported a quarterly earnings per share (EPS) of $2.36, slightly above the consensus estimate of $2.33, despite a 0.2% revenue decline year-over-year.
• Analysts have a positive outlook for Clean Harbors, with a consensus rating of "Moderate Buy" and an average price target of $263.40.

Nuveen LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 107,439 shares of the business services provider's stock, valued at approximately $21,176,000. Nuveen LLC owned approximately 0.20% of Clean Harbors at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CLH. First Trust Advisors LP raised its position in shares of Clean Harbors by 46.7% in the 4th quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after acquiring an additional 117,718 shares in the last quarter. LBP AM SA raised its position in shares of Clean Harbors by 137.4% in the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider's stock worth $38,166,000 after acquiring an additional 112,073 shares in the last quarter. Northern Trust Corp raised its position in shares of Clean Harbors by 28.1% in the 4th quarter. Northern Trust Corp now owns 498,217 shares of the business services provider's stock worth $114,660,000 after acquiring an additional 109,209 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Clean Harbors by 309.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 143,977 shares of the business services provider's stock worth $28,378,000 after acquiring an additional 108,779 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Clean Harbors by 32.0% in the 1st quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider's stock worth $88,446,000 after acquiring an additional 108,779 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the completion of the purchase, the chief executive officer directly owned 82,911 shares of the company's stock, valued at $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Robertson sold 836 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the sale, the director owned 9,888 shares in the company, valued at $2,310,232.32. The trade was a 7.80% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,112 shares of company stock valued at $3,422,651. 5.60% of the stock is owned by insiders.

Clean Harbors Stock Performance

Clean Harbors stock traded up $3.8150 during trading hours on Friday, hitting $248.3750. 219,509 shares of the stock traded hands, compared to its average volume of 421,452. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The firm's 50 day moving average price is $234.47 and its 200-day moving average price is $220.69. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 34.88 and a beta of 1.18. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer upped their target price on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Raymond James Financial upped their target price on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Needham & Company LLC reduced their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $263.40.

About Clean Harbors

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.