Perpetual Ltd Acquires 13,536 Shares of Clean Harbors, Inc. (NYSE:CLH)

Perpetual Ltd boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 28.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,714 shares of the business services provider's stock after buying an additional 13,536 shares during the period. Perpetual Ltd owned approximately 0.11% of Clean Harbors worth $11,967,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Clean Harbors by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after acquiring an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares in the last quarter. Select Equity Group L.P. increased its position in shares of Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after purchasing an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

CLH has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group cut their target price 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. Robert W. Baird increased their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Needham & Company LLC cut their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Trading Down 0.7%

Clean Harbors stock traded down $1.62 during mid-day trading on Tuesday, hitting $229.56. The company's stock had a trading volume of 647,343 shares, compared to its average volume of 351,204. The business has a 50 day moving average price of $225.36 and a 200-day moving average price of $220.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a market cap of $12.30 billion, a price-to-earnings ratio of 31.80 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares of the company's stock, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the transaction, the director directly owned 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is currently owned by corporate 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.