American Century Companies Inc. Has $60.32 Million Stake in Clean Harbors, Inc. $CLH

Key Points

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American Century Companies Inc. trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,047 shares of the business services provider's stock after selling 49,171 shares during the period. American Century Companies Inc. owned about 0.57% of Clean Harbors worth $60,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP increased its stake in 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 valued at $85,138,000 after buying an additional 117,718 shares during the last quarter. LBP AM SA increased its stake in Clean Harbors by 137.4% in the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider's stock valued at $38,166,000 after buying an additional 112,073 shares during the last quarter. Northern Trust Corp increased its stake in Clean Harbors by 28.1% in the 4th quarter. Northern Trust Corp now owns 498,217 shares of the business services provider's stock valued at $114,660,000 after buying an additional 109,209 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in 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 valued at $28,378,000 after buying an additional 108,779 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Clean Harbors by 32.0% in the 1st quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider's stock valued at $88,446,000 after buying an additional 108,779 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrea Robertson sold 836 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the sale, the director owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. This represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,948 shares of company stock valued at $3,611,729 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

CLH opened at $242.42 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The company's fifty day moving average price is $232.92 and its two-hundred day moving average price is $220.20. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a market cap of $13.00 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLH. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Oppenheimer boosted their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, UBS Group boosted their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.

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