Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Simon Quick Advisors LLC

Simon Quick Advisors LLC lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,098 shares of the business services provider’s stock after selling 555 shares during the period. Simon Quick Advisors LLC’s holdings in Clean Harbors were worth $414,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Clean Harbors by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock valued at $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP boosted 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 valued at $930,707,000 after buying an additional 592,341 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock valued at $403,085,000 after buying an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Clean Harbors by 72.6% in 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. Finally, Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider’s stock valued at $371,002,000 after buying an additional 13,167 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

CLH has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. BMO Capital Markets reduced their price target 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, February 20th. Needham & Company LLC reduced their price target on shares of 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, The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.67.

Insider Activity

In related news, Director Lauren States sold 836 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the sale, the director now directly owns 11,871 shares of the company’s stock, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 1,022 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the sale, the insider now directly owns 16,310 shares in the company, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,077 shares of company stock worth $2,726,945 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

Shares of CLH opened at $226.64 on Friday. The company has a 50-day simple moving average of $218.73 and a 200-day simple moving average of $222.23. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.14 billion, a PE ratio of 30.54 and a beta of 1.17. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

About Clean Harbors

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.