William Blair Investment Management LLC Lowers Stock Holdings in Clean Harbors, Inc. $CLH

William Blair Investment Management LLC lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,351 shares of the business services provider’s stock after selling 45,007 shares during the period. William Blair Investment Management LLC’s holdings in Clean Harbors were worth $79,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CLH. Durable Capital Partners LP acquired a new stake in Clean Harbors in the 3rd quarter valued at about $133,217,000. Nordea Investment Management AB raised its position in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares in the last quarter. Two Sigma Investments LP raised its position in Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at about $28,925,000. Finally, Shannon River Fund Management LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at about $26,907,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $287.10 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The firm has a market capitalization of $15.17 billion, a PE ratio of 38.90 and a beta of 0.92. The stock’s 50-day simple moving average is $295.91 and its 200-day simple moving average is $265.72.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 8.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CLH shares. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Robert W. Baird increased their price target on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a research report on Monday, February 23rd. Finally, Weiss Ratings lowered Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.08.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director directly owned 5,081 shares in the company, valued at $1,463,023.14. This trade represents a 14.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 6,519 shares of company stock valued at $1,907,663. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.