Jupiter Asset Management Ltd. Trims Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Jupiter Asset Management Ltd. decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,482 shares of the business services provider's stock after selling 3,812 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.25% of Clean Harbors worth $26,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in shares of Clean Harbors by 46.7% during the 4th quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after purchasing an additional 117,718 shares during the period. LBP AM SA lifted its holdings in shares of Clean Harbors by 137.4% during the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider's stock valued at $38,166,000 after acquiring an additional 112,073 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Clean Harbors by 28.1% during the 4th quarter. Northern Trust Corp now owns 498,217 shares of the business services provider's stock valued at $114,660,000 after acquiring an additional 109,209 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Clean Harbors by 309.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 143,977 shares of the business services provider's stock worth $28,378,000 after purchasing an additional 108,779 shares during the period. Finally, DAVENPORT & Co LLC raised its position in Clean Harbors by 32.0% in the first quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider's stock valued at $88,446,000 after purchasing an additional 108,779 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the sale, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the transaction, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock valued at $3,416,406 in the last three months. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $234.15 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The firm has a 50-day simple moving average of $229.36 and a 200 day simple moving average of $220.12. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a market cap of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share 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 business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the prior year, the firm earned $2.46 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CLH shares. Oppenheimer boosted their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday. Raymond James Financial raised their price objective on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research note on Thursday. Robert W. Baird upped their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC reduced their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $263.40.

Clean Harbors 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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