Royal Bank of Canada Buys 11,567 Shares of Clean Harbors, Inc. (NYSE:CLH)

Royal Bank of Canada boosted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,936 shares of the business services provider's stock after buying an additional 11,567 shares during the quarter. Royal Bank of Canada owned approximately 0.33% of Clean Harbors worth $41,411,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Janus Henderson Group PLC increased its stake in Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after buying an additional 13,167 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Clean Harbors by 0.9% during the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock worth $252,042,000 after buying an additional 9,595 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC decreased their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Price Performance

Clean Harbors stock traded down $1.07 during mid-day trading on Monday, reaching $226.65. The company had a trading volume of 301,089 shares, compared to its average volume of 350,593. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a market cap of $12.14 billion, a P/E ratio of 30.55 and a beta of 1.19. The business has a fifty day simple moving average of $209.86 and a 200 day simple moving average of $224.70.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $1.29 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. The trade was a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company's stock.

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.