Clean Harbors, Inc. $CLH Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 3.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 130,704 shares of the business services provider’s stock after selling 4,862 shares during the period. Clean Harbors makes up 2.0% of Leeward Investments LLC MA’s portfolio, making the stock its 3rd biggest position. Leeward Investments LLC MA’s holdings in Clean Harbors were worth $40,548,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CLH. Swmg LLC boosted its position in shares of Clean Harbors by 7.3% during the 3rd quarter. Swmg LLC now owns 915 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 62 shares in the last quarter. Robeco Schweiz AG increased its stake in Clean Harbors by 85.1% in the third quarter. Robeco Schweiz AG now owns 17,583 shares of the business services provider’s stock valued at $5,455,000 after acquiring an additional 8,083 shares during the period. Citizens Financial Group Inc. RI raised its position in Clean Harbors by 137.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,652 shares of the business services provider’s stock worth $512,000 after purchasing an additional 956 shares in the last quarter. Evergreen Capital Management LLC raised its position in Clean Harbors by 2.4% in the third quarter. Evergreen Capital Management LLC now owns 2,271 shares of the business services provider’s stock worth $705,000 after purchasing an additional 54 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in Clean Harbors by 3.4% in the third quarter. RWC Asset Management LLP now owns 2,403 shares of the business services provider’s stock worth $745,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.1%

CLH opened at $319.02 on Monday. The firm has a market cap of $16.84 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The firm’s 50-day simple moving average is $317.02 and its 200-day simple moving average is $305.42. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.36 EPS. Equities research analysts anticipate that Clean Harbors, Inc. will post 9.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLH shares. Citigroup lifted their price objective on Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Wall Street Zen upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Saturday. TD Cowen increased their target price on Clean Harbors from $380.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Finally, Bank of America set a $377.00 price target on Clean Harbors and gave the company a “buy” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $363.07.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.