Voya Investment Management LLC Raises Stock Position in Clean Harbors, Inc. $CLH

Key Points

• Voya Investment Management LLC increased its stake in Clean Harbors, Inc. (NYSE: CLH) by 4.4%, owning 127,419 shares valued at approximately $25.1 million as of its latest SEC filing.
• Several other institutional investors also revised their positions, with Blue Trust Inc. increasing its holdings by 25.8% during the first quarter.
• A variety of analysts raised their price targets for Clean Harbors, with Oppenheimer setting a new target of $256.00 and Raymond James raising theirs to $280.00, both maintaining favorable ratings for the stock.

Voya Investment Management LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 127,419 shares of the business services provider's stock after buying an additional 5,362 shares during the period. Voya Investment Management LLC owned about 0.24% of Clean Harbors worth $25,114,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its position in shares of Clean Harbors by 30.9% during the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock valued at $1,043,407,000 after acquiring an additional 1,249,704 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Clean Harbors by 127.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider's stock worth $177,304,000 after purchasing an additional 504,290 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of Clean Harbors by 21.7% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock worth $119,882,000 after purchasing an additional 92,785 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of Clean Harbors by 11.1% during the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider's stock valued at $94,002,000 after buying an additional 48,447 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Clean Harbors by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider's stock valued at $89,962,000 after buying an additional 11,465 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James Financial boosted their target price on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. 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. Oppenheimer boosted their target price 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. Finally, BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the company an "outperform" 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 issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $263.40.

Insider Activity

In related news, Director Andrea Robertson sold 836 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the transaction, the director directly owned 9,888 shares of the company's stock, valued at $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Louis Battles purchased 2,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer directly owned 82,911 shares of the company's stock, valued at $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded up $0.41 on Tuesday, reaching $235.28. The company's stock had a trading volume of 456,391 shares, compared to its average volume of 297,961. The stock's 50-day moving average is $237.88 and its two-hundred day moving average is $222.52. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The stock has a market capitalization of $12.62 billion, a P/E ratio of 33.04 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the prior year, the company earned $2.46 earnings per share. The business's revenue was down .2% 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 year.

Clean Harbors 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.