Clean Harbors, Inc. (NYSE:CLH) Stock Position Reduced by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 927 shares of the business services provider’s stock after selling 163 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Clean Harbors were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. FMR LLC grew its position in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP grew its position in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after acquiring an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH grew its position in Clean Harbors by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after acquiring an additional 99,591 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Clean Harbors in the third quarter worth approximately $17,258,000. Finally, Asset Management One Co. Ltd. grew its position in Clean Harbors by 99.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider’s stock worth $19,639,000 after acquiring an additional 42,555 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,785 shares of company stock worth $444,558. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer decreased their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets decreased their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Price Performance

NYSE:CLH opened at $217.77 on Friday. The stock has a market cap of $11.73 billion, a P/E ratio of 29.35 and a beta of 1.24. Clean Harbors, Inc. has a one year low of $180.24 and a one year high of $267.11. The company has a fifty day moving average price of $233.16 and a 200 day moving average price of $242.11. 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 (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $1.82 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share 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.