Vaughan Nelson Investment Management L.P. Purchases 8,145 Shares of Clean Harbors, Inc. $CLH

Key Points

• Vaughan Nelson raised its Clean Harbors stake by 2.2%, buying an additional 8,145 shares to hold 370,875 shares (~0.69% of the company) worth about $86.96 million at quarter end.
• Several large funds (Norges Bank, Durable Capital, Nordea, Two Sigma) also built or expanded positions, leaving institutional investors with roughly 90.43% ownership of CLH.
• Insiders have been net sellers recently — EVP Brian P. Weber sold 4,683 shares and CEO Eric W. Gerstenberg sold 1,000, with insiders selling a total of 13,597 shares (~$3.9M) over the past 90 days and owning about 5.6% of the stock.

Vaughan Nelson Investment Management L.P. boosted its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,875 shares of the business services provider's stock after buying an additional 8,145 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.69% of Clean Harbors worth $86,963,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CLH. Norges Bank acquired a new position in Clean Harbors in the 2nd quarter valued at approximately $147,632,000. Durable Capital Partners LP bought a new stake in shares of Clean Harbors in the third quarter worth $133,217,000. Nordea Investment Management AB grew its stake in shares of Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider's stock worth $246,725,000 after purchasing an additional 569,388 shares during the last quarter. Two Sigma Investments LP increased its holdings in Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider's stock valued at $89,287,000 after purchasing an additional 229,666 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in Clean Harbors during the 3rd quarter worth $28,925,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 4,683 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president owned 48,728 shares in the company, valued at $14,296,307.92. The trade was a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,597 shares of company stock worth $3,895,286 over the last ninety days. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird set a $300.00 price target on Clean Harbors in a research report on Thursday, February 19th. Citigroup raised their price objective on Clean Harbors from $274.00 to $302.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. TD Cowen reiterated a "buy" rating on shares of Clean Harbors in a report on Thursday, February 19th. Weiss Ratings raised shares of Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, March 25th. Finally, Barclays raised their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an "equal weight" rating in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and a consensus price target of $299.27.

Clean Harbors Stock Up 0.4%

Shares of Clean Harbors stock opened at $280.09 on Tuesday. The stock's 50-day moving average is $277.17 and its 200 day moving average is $248.41. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 38.47 and a beta of 0.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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