Clean Harbors, Inc. (NYSE:CLH) Position Lowered by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 286,278 shares of the business services provider's stock after selling 95,921 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.53% of Clean Harbors worth $65,885,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CLH. Reliant Investment Management LLC acquired a new stake in shares of Clean Harbors during the fourth quarter valued at $4,386,000. Fiduciary Alliance LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $846,000. Mountain Pacific Investment Advisers LLC grew its holdings in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after buying an additional 4,240 shares in the last quarter. Barclays PLC raised its position in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Clean Harbors by 17.8% during the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock valued at $88,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 2.3 %

NYSE CLH traded up $4.99 during trading hours on Friday, hitting $222.37. The company had a trading volume of 358,108 shares, compared to its average volume of 348,382. The firm's 50 day moving average is $201.32 and its 200 day moving average is $227.49. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 29.97 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. The business 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 16.33% and a net margin of 6.83%. The company's revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. Stifel Nicolaus cut their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. UBS Group dropped their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Insider Activity

In other news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

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.