Intech Investment Management LLC Has $4.19 Million Position in Clean Harbors, Inc. $CLH

Key Points

• Intech Investment Management LLC has sold 15,788 shares of Clean Harbors, reducing its stake by 42.6%, now holding a total of 21,268 shares worth approximately $4.19 million.
• Institutional investors collectively own 90.43% of Clean Harbors, with firms like Wellington Management Group and Millennium Management significantly increasing their holdings.
• Analysts have recently set a consensus target price of $263.40 for Clean Harbors stock, with mixed ratings including a "Strong Buy" and a "Neutral" from different firms.

Intech Investment Management LLC cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,268 shares of the business services provider's stock after selling 15,788 shares during the quarter. Intech Investment Management LLC's holdings in Clean Harbors were worth $4,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its position in Clean Harbors by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock worth $913,000 after acquiring an additional 122 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after acquiring an additional 148 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock worth $1,638,000 after acquiring an additional 1,301 shares in the last quarter. Tribune Investment Group LP bought a new stake in Clean Harbors in the first quarter worth about $12,812,000. Finally, Deutsche Bank AG raised its position in Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after acquiring an additional 56 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Louis Battles purchased 2,000 shares of Clean Harbors stock in a transaction dated Friday, August 1st. The shares were purchased 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 owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Down 0.5%

NYSE CLH traded down $1.07 during trading on Monday, reaching $234.96. 249,586 shares of the company's stock were exchanged, compared to its average volume of 295,954. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market capitalization of $12.60 billion, a PE ratio of 33.00 and a beta of 1.22. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The company's fifty day simple moving average is $237.82 and its 200-day simple moving average is $222.43.

Clean Harbors (NYSE:CLH - Get Free Report) last announced 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. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $2.46 EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CLH shares. Oppenheimer lifted their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial lifted their price target on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. UBS Group lifted their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.

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.