Clean Harbors, Inc. $CLH Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in Clean Harbors, Inc. by 81.9%, bringing its holdings down to 2,929 shares valued at $577,000.
• CEO Michael Louis Battles purchased 2,000 shares of Clean Harbors stock at $233.50 each, increasing his total holdings to 82,911 shares worth approximately $19.36 million.
• Clean Harbors reported earnings of $2.36 per share for the last quarter, exceeding expectations, but experienced a slight revenue decline of 0.2% year-over-year.

Russell Investments Group Ltd. reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 81.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,929 shares of the business services provider's stock after selling 13,291 shares during the period. Russell Investments Group Ltd.'s holdings in Clean Harbors were worth $577,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Clean Harbors by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after acquiring an additional 52 shares during the last quarter. Deutsche Bank AG raised its stake in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after purchasing an additional 56 shares during the last quarter. Blue Trust Inc. raised its stake in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Xponance Inc. lifted its holdings in Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock valued at $1,321,000 after purchasing an additional 61 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in shares of Clean Harbors by 1.2% during the 4th quarter. Benjamin Edwards Inc. now owns 5,797 shares of the business services provider's stock worth $1,334,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLH. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the company an "outperform" rating in a research report on Thursday, July 31st. UBS Group boosted their price target on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Raymond James Financial raised their price objective on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Finally, Oppenheimer lifted their price objective on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Insider Activity

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the transaction, the director directly owned 2,978 shares of the company's stock, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares in the company, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,840 shares of company stock worth $2,903,497 in the last quarter. Insiders own 5.60% of the company's stock.

Clean Harbors Trading Down 0.5%

NYSE CLH traded down $1.23 during mid-day trading on Wednesday, hitting $239.64. The company's stock had a trading volume of 93,348 shares, compared to its average volume of 411,036. The firm has a market capitalization of $12.85 billion, a P/E ratio of 33.65 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The stock's fifty day simple moving average is $236.68 and its two-hundred day simple moving average is $221.08.

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 (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.