TimesSquare Capital Management LLC Boosts Stock Position in Clean Harbors, Inc. (NYSE:CLH)

TimesSquare Capital Management LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 40.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,670 shares of the business services provider's stock after acquiring an additional 2,800 shares during the period. TimesSquare Capital Management LLC's holdings in Clean Harbors were worth $1,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Pictet Asset Management Holding SA raised its stake in Clean Harbors by 72.6% during the 4th 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 acquiring an additional 697,630 shares during the last quarter. Norges Bank acquired a new position in Clean Harbors during the 4th quarter worth approximately $136,974,000. Wellington Management Group LLP increased its position in Clean Harbors by 17.2% during the 4th 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 during the period. First Trust Advisors LP increased its position in Clean Harbors by 46.7% during the 4th quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after purchasing an additional 117,718 shares during the period. Finally, 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. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the sale, the chief executive officer owned 51,619 shares of the company's stock, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock worth $3,416,406 in the last quarter. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

CLH opened at $231.88 on Tuesday. The stock has a market cap of $12.42 billion, a P/E ratio of 32.12 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The stock's 50 day simple moving average is $228.28 and its 200 day simple moving average is $219.97. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results 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. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The company's revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on CLH shares. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. 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. UBS Group dropped their target price 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, The Goldman Sachs Group dropped their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus 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.

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