Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Clean Harbors by 2.7% in Q1, holding 136,482 shares valued at approximately $26.9 million after selling 3,812 shares.
• Several institutional investors have increased their positions in Clean Harbors, with notable increases including First Trust Advisors LP growing its holdings by 46.7% in the last quarter.
• Clean Harbors reported earnings of $2.36 per share for the last quarter, surpassing analysts' expectations, while revenue slightly declined year-over-year.

Jupiter Asset Management Ltd. lowered its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLH. JPMorgan Chase & Co. raised its position in shares of Clean Harbors by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock valued at $44,697,000 after buying an additional 6,313 shares during the period. Schroder Investment Management Group raised its position in Clean Harbors by 11.1% in the fourth quarter. Schroder Investment Management Group now owns 42,216 shares of the business services provider's stock valued at $9,716,000 after purchasing an additional 4,227 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Clean Harbors by 8.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,617 shares of the business services provider's stock worth $832,000 after purchasing an additional 278 shares during the period. Franklin Resources Inc. increased its position in shares of Clean Harbors by 17.1% during the 4th quarter. Franklin Resources Inc. now owns 240,460 shares of the business services provider's stock worth $55,339,000 after purchasing an additional 35,165 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in Clean Harbors by 59.7% in the 4th quarter. Trexquant Investment LP now owns 13,531 shares of the business services provider's stock valued at $3,114,000 after buying an additional 5,057 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the sale, the director directly owned 2,978 shares of the company's stock, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's 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 completion of the transaction, the chief executive officer owned 51,619 shares in the company, 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. In the last three months, insiders sold 15,948 shares of company stock valued at $3,611,729. 5.60% of the stock is owned by insiders.

Clean Harbors Stock Down 0.1%

Shares of NYSE CLH traded down $0.33 during mid-day trading on Wednesday, reaching $241.64. The company had a trading volume of 146,425 shares, compared to its average volume of 423,816. The firm has a 50 day simple moving average of $229.81 and a two-hundred day simple moving average of $220.09. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. 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 stock has a market cap of $12.96 billion, a P/E ratio of 34.03 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results 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 business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

CLH has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group lifted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an "outperform" rating in a research report on Thursday, July 31st. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.