Fuller & Thaler Asset Management Inc. Sells 5,784 Shares of Clean Harbors, Inc. $CLH

Key Points

• Fuller & Thaler Asset Management Inc. decreased its ownership in Clean Harbors, Inc. by 3.6%, selling 5,784 shares, and now holds approximately 155,581 shares valued at $30.67 million.
• Analysts have a generally positive outlook for Clean Harbors, with UBS raising its price target to $240 and a consensus target price of $263.40 amid several "buy" ratings.
• Insider activity includes CEO Eric W. Gerstenberg selling 8,076 shares for about $1.82 million, marking a substantial decrease in his stock ownership.

Fuller & Thaler Asset Management Inc. decreased its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,581 shares of the business services provider's stock after selling 5,784 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.29% of Clean Harbors worth $30,665,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors in the 4th quarter valued at about $32,000. Hopwood Financial Services Inc. bought a new position in shares of Clean Harbors in the 1st quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new position in shares of Clean Harbors in the 1st quarter valued at about $48,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after acquiring an additional 252 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the company an "outperform" rating in a report on Thursday, July 31st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Oppenheimer raised their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.40.

Insider Buying and Selling

In related news, insider Robert Speights sold 1,022 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the transaction, the insider owned 16,310 shares of the company's stock, valued at $3,726,671.90. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the transaction, the chief executive officer directly owned 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock valued at $3,422,651 over the last ninety days. Company insiders own 5.60% of the company's stock.

Clean Harbors Trading Up 1.6%

CLH traded up $3.8150 during trading on Friday, hitting $248.3750. 219,509 shares of the stock were exchanged, compared to its average volume of 421,452. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 34.88 and a beta of 1.18. The firm has a 50 day simple moving average of $234.47 and a 200 day simple moving average of $220.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current 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.