Fort Washington Investment Advisors Inc. OH Decreases Stake in Clean Harbors, Inc. $CLH

Key Points

• Fort Washington Investment Advisors has reduced its stake in Clean Harbors by 16.5%, now holding 91,407 shares valued at approximately $21.1 million.
• Several hedge funds, including Covea Finance with a 78.4% increase, have actively traded shares of Clean Harbors, reflecting strong institutional interest with 90.43% of the company's stock owned by such investors.
• Analysts have positive outlooks for Clean Harbors, with price targets ranging from $240 to $280, indicating overall bullish sentiment and an average rating of "Moderate Buy."

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 91,407 shares of the business services provider's stock after selling 18,018 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.17% of Clean Harbors worth $21,131,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CLH. Avior Wealth Management LLC purchased a new position in shares of Clean Harbors during the 2nd quarter valued at approximately $348,000. Public Employees Retirement System of Ohio boosted its stake in Clean Harbors by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider's stock valued at $3,636,000 after acquiring an additional 48 shares during the last quarter. Ballentine Partners LLC acquired a new position in Clean Harbors during the 2nd quarter worth $204,000. Fifth Third Bancorp raised its stake in shares of Clean Harbors by 16.3% in the 2nd quarter. Fifth Third Bancorp now owns 635 shares of the business services provider's stock valued at $147,000 after purchasing an additional 89 shares in the last quarter. Finally, Covea Finance lifted its position in shares of Clean Harbors by 78.4% during the second quarter. Covea Finance now owns 70,487 shares of the business services provider's stock worth $16,295,000 after purchasing an additional 30,987 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Transactions at Clean Harbors

In related news, Director Andrea Robertson sold 836 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the sale, the director directly owned 9,888 shares in the company, valued at $2,310,232.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Louis Battles bought 2,000 shares of Clean Harbors stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer directly owned 82,911 shares of the company's stock, valued at $19,359,718.50. This represents a 2.47% increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James Financial boosted their price objective on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. UBS Group upped their price target on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Oppenheimer raised their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Barclays assumed coverage on shares of Clean Harbors in a research note on Friday, September 19th. They set an "equal weight" rating and a $253.00 target price for the company. Finally, BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $262.45.

Clean Harbors Stock Performance

CLH opened at $231.72 on Monday. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 32.55 and a beta of 1.22. The business has a 50 day moving average price of $238.64 and a two-hundred day moving average price of $224.82. 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 (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 EPS. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

About Clean Harbors

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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