Mountain Pacific Investment Advisers LLC Has $21.09 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Mountain Pacific Investment Advisers LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,983 shares of the business services provider's stock after purchasing an additional 7,944 shares during the quarter. Clean Harbors comprises about 1.6% of Mountain Pacific Investment Advisers LLC's investment portfolio, making the stock its 24th largest holding. Mountain Pacific Investment Advisers LLC owned 0.20% of Clean Harbors worth $21,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CLH. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Clean Harbors by 6.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,283 shares of the business services provider's stock valued at $295,000 after purchasing an additional 77 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at about $299,000. Van ECK Associates Corp raised its stake in shares of Clean Harbors by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 14,028 shares of the business services provider's stock valued at $3,228,000 after purchasing an additional 1,097 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Clean Harbors by 99.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider's stock valued at $19,639,000 after purchasing an additional 42,555 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Clean Harbors by 0.6% during the fourth quarter. Rhumbline Advisers now owns 136,604 shares of the business services provider's stock valued at $31,438,000 after purchasing an additional 875 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CLH shares. Needham & Company LLC dropped their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Oppenheimer dropped their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. The Goldman Sachs Group dropped 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, BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Up 0.2%

NYSE CLH traded up $0.46 during trading on Thursday, reaching $226.03. 357,379 shares of the company's stock were exchanged, compared to its average volume of 350,719. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market capitalization of $12.11 billion, a PE ratio of 31.31 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The company's fifty day simple moving average is $220.76 and its 200-day simple moving average is $221.56.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity

In other news, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president now directly owns 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director now owns 2,978 shares of the company's stock, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock worth $3,416,406 in the last three months. 5.60% of the stock is owned by insiders.

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.