Intech Investment Management LLC Increases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Intech Investment Management LLC increased its position in Clean Harbors, Inc. (NYSE:CLH) by 113.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,807 shares of the business services provider’s stock after buying an additional 13,721 shares during the period. Intech Investment Management LLC’s holdings in Clean Harbors were worth $6,238,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB grew its holdings in shares of Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the period. Driehaus Capital Management LLC grew its stake in Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new stake in shares of Clean Harbors in the second quarter worth $729,000. Advisor Resource Council purchased a new position in shares of Clean Harbors in the 3rd quarter valued at $926,000. Finally, Northcape Capital Pty Ltd acquired a new position in shares of Clean Harbors during the 3rd quarter valued at $2,324,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert Speights sold 610 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,586 shares of company stock valued at $4,351,841 over the last quarter. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research reports. Needham & Company LLC cut their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Oppenheimer raised their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Trading Up 1.0 %

NYSE:CLH opened at $252.46 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market cap of $13.61 billion, a PE ratio of 32.87 and a beta of 1.20. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The business’s 50 day moving average is $249.86 and its two-hundred day moving average is $234.94.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 7.29 EPS 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.