Nuveen Asset Management LLC Sells 20,662 Shares of Clean Harbors, Inc. (NYSE:CLH)

Nuveen Asset Management LLC lowered its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,584 shares of the business services provider's stock after selling 20,662 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.21% of Clean Harbors worth $25,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Numerai GP LLC boosted its position in shares of Clean Harbors by 284.3% during the 4th quarter. Numerai GP LLC now owns 8,847 shares of the business services provider's stock valued at $2,036,000 after acquiring an additional 6,545 shares during the last quarter. Janus Henderson Group PLC lifted its position in Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after buying an additional 13,167 shares during the last quarter. Gotham Asset Management LLC lifted its position in Clean Harbors by 26.3% in the 4th quarter. Gotham Asset Management LLC now owns 29,929 shares of the business services provider's stock worth $6,888,000 after buying an additional 6,226 shares during the last quarter. Focus Partners Wealth bought a new stake in Clean Harbors in the 4th quarter worth approximately $234,000. Finally, Ethic Inc. lifted its position in Clean Harbors by 127.4% in the 4th quarter. Ethic Inc. now owns 3,095 shares of the business services provider's stock worth $712,000 after buying an additional 1,734 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.2%

Shares of CLH traded down $0.52 during mid-day trading on Wednesday, hitting $228.63. 17,421 shares of the company's stock traded hands, compared to its average volume of 349,436. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The firm has a market capitalization of $12.25 billion, a P/E ratio of 30.81 and a beta of 1.19. The business's 50-day moving average price is $211.07 and its 200-day moving average price is $224.49.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total transaction of $189,078.12. Following the sale, the director now directly owns 11,871 shares in the company, valued at $2,684,864.07. The trade was a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets dropped their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Robert W. Baird boosted their target price 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 raised 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 and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.