Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,978 shares of the business services provider's stock after selling 1,626 shares during the period. Rhumbline Advisers owned approximately 0.25% of Clean Harbors worth $26,604,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors during the fourth quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ grew its stake in Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in Clean Harbors during the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas acquired 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Welch sold 1,250 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the sale, the director now owns 11,402 shares of the company's stock, valued at $2,605,471.02. This trade represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,833 shares of company stock valued at $1,227,181 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CLH. Oppenheimer lowered their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group lowered their target price 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. Needham & Company LLC lowered their target price 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. Finally, UBS Group lowered their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Performance

CLH opened at $224.51 on Friday. The company has a market cap of $12.03 billion, a PE ratio of 30.26 and a beta of 1.19. The stock has a 50-day moving average of $214.89 and a 200-day moving average of $223.34. 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 quick ratio of 1.76 and a current ratio of 2.21.

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

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