Mercer Global Advisors Inc. ADV Sells 1,511 Shares of Clean Harbors, Inc. (NYSE:CLH)

Mercer Global Advisors Inc. ADV decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,712 shares of the business services provider’s stock after selling 1,511 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Clean Harbors were worth $1,315,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock worth $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 17.2% in 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 buying an additional 592,341 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of 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 buying an additional 697,630 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider’s stock valued at $252,042,000 after acquiring an additional 9,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Clean Harbors by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider’s stock worth $155,784,000 after acquiring an additional 15,888 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CLH shares. Robert W. Baird raised their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Finally, BMO Capital Markets cut their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $257.67.

Clean Harbors Price Performance

Clean Harbors stock opened at $226.93 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 30.58 and a beta of 1.19. The firm has a 50-day moving average of $202.33 and a two-hundred day moving average of $226.56. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. On average, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.