Mutual of America Capital Management LLC Sells 2,000 Shares of Clean Harbors, Inc. $CLH

Key Points

• Mutual of America Capital Management LLC has reduced its stake in Clean Harbors, Inc. by 4.4%, selling 2,000 shares and bringing its ownership to 43,869 shares, valued at approximately $10.14 million.
• Clean Harbors reported earnings per share (EPS) of $2.36 for the last quarter, exceeding estimates, but revenue was slightly down 0.2% compared to the previous year.
• Several brokerages have adjusted their price targets for Clean Harbors, with BMO Capital Markets setting the highest target at $268.00 and maintaining an "outperform" rating.

Mutual of America Capital Management LLC lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,869 shares of the business services provider's stock after selling 2,000 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Clean Harbors worth $10,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CLH. Ritholtz Wealth Management bought a new stake in Clean Harbors during the first quarter valued at about $202,000. Janney Montgomery Scott LLC boosted its position in Clean Harbors by 18.6% during the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after purchasing an additional 1,301 shares in the last quarter. Blue Trust Inc. boosted its position in Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after purchasing an additional 56 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after purchasing an additional 122 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Clean Harbors by 18.6% during the first quarter. Asset Management One Co. Ltd. now owns 101,417 shares of the business services provider's stock valued at $19,990,000 after purchasing an additional 15,907 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 1.9%

Shares of NYSE:CLH opened at $236.58 on Monday. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The stock has a market cap of $12.69 billion, a price-to-earnings ratio of 33.23 and a beta of 1.18. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $237.84 and a 200-day moving average price of $228.41.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $1.59 billion. During the same period last year, the business posted $2.46 earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLH. UBS Group raised their price target on Clean Harbors from $240.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an "outperform" rating in a report on Thursday, July 31st. Oppenheimer raised their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays began coverage on Clean Harbors in a report on Friday, September 19th. They issued an "equal weight" rating and a $253.00 price target for the company. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $280.00 price target on shares of Clean Harbors in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $262.91.

Insider Activity at Clean Harbors

In related news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction that occurred on 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 transaction, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Louis Battles purchased 2,000 shares of Clean Harbors stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of $233.50 per share, with a total value of $467,000.00. Following the completion of the transaction, the chief executive officer owned 82,911 shares of the company's stock, valued at $19,359,718.50. This represents a 2.47% increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by company insiders.

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.

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