Assenagon Asset Management S.A. Raises Holdings in Clean Harbors, Inc. (NYSE:CLH)

Assenagon Asset Management S.A. lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 309.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,977 shares of the business services provider's stock after purchasing an additional 108,779 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Clean Harbors worth $28,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP boosted its holdings in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. boosted its holdings in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Clean Harbors during the 4th quarter valued at $56,000. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 836 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares in the company, valued at $2,684,864.07. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 1,022 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider now owns 16,310 shares of the company's stock, valued at $3,726,671.90. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,077 shares of company stock valued at $2,726,945 over the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Down 0.4%

CLH stock traded down $0.85 during midday trading on Friday, hitting $226.64. The stock had a trading volume of 249,385 shares, compared to its average volume of 351,094. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 30.54 and a beta of 1.17. The business has a 50-day moving average of $218.73 and a two-hundred day moving average of $221.98. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

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

Wall Street Analyst Weigh In

CLH has been the subject of several research analyst reports. Robert W. Baird raised their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group decreased their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group decreased their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors 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.