Impax Asset Management Group plc Lowers Stake in Clean Harbors, Inc. $CLH

Key Points

• Impax Asset Management cut its stake in Clean Harbors by 41.1% in Q4, now holding 148,605 shares (0.28% of the company) valued at about $34.8 million.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and an average price target of $314, following several recent upgrades and higher price targets.
• Clean Harbors slightly beat quarterly expectations (EPS $1.62 vs. $1.59; revenue $1.50B, +4.8% YoY) and the stock trades near $309 with a market cap of $16.47B and a PE of 42.44.

Impax Asset Management Group plc lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,605 shares of the business services provider's stock after selling 103,536 shares during the quarter. Impax Asset Management Group plc owned 0.28% of Clean Harbors worth $34,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock valued at $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock valued at $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock valued at $10,757,000 after buying an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider's stock valued at $1,118,000 after buying an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider's stock valued at $1,021,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 18th. Citigroup upgraded Clean Harbors from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $320.00 price target on shares of Clean Harbors in a research note on Monday, February 23rd. TD Cowen reaffirmed a "buy" rating on shares of Clean Harbors in a research note on Thursday, February 19th. Finally, UBS Group lifted their price target on Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $314.00.

Clean Harbors Price Performance

CLH opened at $308.96 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The stock has a market capitalization of $16.47 billion, a PE ratio of 42.44 and a beta of 0.94. The stock's 50 day moving average price is $291.37 and its 200-day moving average price is $257.07.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Clean Harbors, Inc. will post 8.25 EPS for the current year.

Insider Activity at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the sale, the executive vice president directly owned 23,193 shares of the company's stock, valued at $6,542,049.51. This represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 4,683 shares of the company's stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the sale, the executive vice president directly owned 48,728 shares in the company, valued at approximately $14,296,307.92. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,597 shares of company stock valued at $3,895,286 over the last three months. Corporate insiders own 5.00% of the company's stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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