Royal Bank of Canada Sells 30,312 Shares of Clean Harbors, Inc. $CLH

Royal Bank of Canada trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 16.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,624 shares of the business services provider's stock after selling 30,312 shares during the period. Royal Bank of Canada owned approximately 0.28% of Clean Harbors worth $29,490,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CLH. BNP Paribas Financial Markets lifted its position in shares of Clean Harbors by 5.8% during the fourth quarter. BNP Paribas Financial Markets now owns 12,145 shares of the business services provider's stock worth $2,795,000 after purchasing an additional 664 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Clean Harbors by 104.5% during the fourth quarter. Captrust Financial Advisors now owns 10,404 shares of the business services provider's stock worth $2,394,000 after purchasing an additional 5,317 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Clean Harbors by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 14,384 shares of the business services provider's stock worth $3,310,000 after purchasing an additional 117 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Clean Harbors by 0.5% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,664 shares of the business services provider's stock worth $4,065,000 after purchasing an additional 81 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the sale, the director owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average cost of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares of the company's stock, valued at approximately $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 corporate insiders.

Clean Harbors Trading Down 1.1%

NYSE:CLH traded down $2.52 during trading hours on Friday, hitting $235.98. The stock had a trading volume of 242,715 shares, compared to its average volume of 298,746. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 33.14 and a beta of 1.22. The business's 50 day moving average is $237.82 and its 200-day moving average is $222.13.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Raymond James Financial upped their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Oppenheimer boosted their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, UBS Group boosted their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and an average price target of $263.40.

About Clean Harbors

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.