Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Clean Harbors, Inc. (NYSE:CLH) by 309.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,977 shares of the business services provider’s stock after purchasing an additional 108,779 shares during the period. Assenagon Asset Management S.A. owned 0.27% of Clean Harbors worth $28,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new position in Clean Harbors in the fourth quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. boosted its position in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research analyst reports. Robert W. Baird upped their target price on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. UBS Group decreased their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $257.67.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John R. Welch sold 1,250 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the sale, the director now directly owns 11,402 shares of the company’s stock, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 836 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total transaction of $189,078.12. Following the sale, the director now directly owns 11,871 shares in the company, valued at $2,684,864.07. This trade represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,077 shares of company stock valued at $2,726,945. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 0.8%

Shares of NYSE CLH opened at $227.66 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a market cap of $12.20 billion, a P/E ratio of 30.68 and a beta of 1.17. The stock has a fifty day moving average price of $217.82 and a 200 day moving average price of $222.46.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 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 the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. Research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal 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.