Clean Harbors, Inc. $CLH Shares Sold by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in Clean Harbors by 14.8%, selling 1,820 shares and holding 10,465 shares valued at $2,061,000.
• CEO Michael Louis Battles purchased 2,000 shares at an average cost of $233.50, increasing his position by 2.47% to 82,911 shares.
• Clean Harbors reported earnings of $2.36 per share for the last quarter, beating estimates, though revenue fell 0.2% year-over-year.

Northwest & Ethical Investments L.P. lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,465 shares of the business services provider's stock after selling 1,820 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Clean Harbors were worth $2,061,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CLH. First Trust Advisors LP increased its stake in shares of Clean Harbors by 46.7% during the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after acquiring an additional 117,718 shares during the period. LBP AM SA increased its position in Clean Harbors by 137.4% during the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider's stock worth $38,166,000 after purchasing an additional 112,073 shares during the period. Northern Trust Corp increased its position in Clean Harbors by 28.1% during the 4th quarter. Northern Trust Corp now owns 498,217 shares of the business services provider's stock worth $114,660,000 after purchasing an additional 109,209 shares during the period. Assenagon Asset Management S.A. increased 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 worth $88,446,000 after acquiring an additional 108,779 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of CLH stock traded up $3.8150 during mid-day trading on Friday, reaching $248.3750. The stock had a trading volume of 219,509 shares, compared to its average volume of 421,452. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a market cap of $13.32 billion, a P/E ratio of 34.88 and a beta of 1.18. The business has a 50-day simple moving average of $234.47 and a 200 day simple moving average of $220.69. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02.

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, beating analysts' consensus estimates of $2.33 by $0.03. The business had revenue of $1.55 billion during 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 for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CLH shares. Robert W. Baird increased their price objective on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. UBS Group increased their price objective on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer increased their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $263.40.

Insider Buying and Selling at Clean Harbors

In related news, Director Andrea Robertson sold 836 shares of the stock in a transaction 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 sale, the director owned 9,888 shares of the company's stock, valued at $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction on 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 directly owned 51,619 shares in the company, valued at approximately $11,626,147.37. The trade was a 13.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,112 shares of company stock valued at $3,422,651. 5.60% of the stock is 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.