Nuveen Asset Management LLC Decreases Position in Clean Harbors, Inc. (NYSE:CLH)

Nuveen Asset Management LLC trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,584 shares of the business services provider's stock after selling 20,662 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of Clean Harbors worth $25,450,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after acquiring an additional 8,639 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after acquiring an additional 66 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Clean Harbors by 20.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider's stock worth $21,588,000 after acquiring an additional 16,170 shares in the last quarter. XML Financial LLC boosted its stake in shares of Clean Harbors by 20.3% during the 4th quarter. XML Financial LLC now owns 1,480 shares of the business services provider's stock worth $341,000 after acquiring an additional 250 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Clean Harbors by 330.7% during the 4th quarter. SG Americas Securities LLC now owns 12,163 shares of the business services provider's stock worth $2,799,000 after acquiring an additional 9,339 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.9%

Shares of Clean Harbors stock traded up $2.03 during mid-day trading on Tuesday, hitting $228.54. The stock had a trading volume of 186,331 shares, compared to its average volume of 349,967. The firm has a 50-day moving average of $210.46 and a two-hundred day moving average of $224.46. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.24 billion, a P/E ratio of 30.80 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CLH has been the topic of several recent analyst reports. Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group cut their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

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.