Loomis Sayles & Co. L P Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Loomis Sayles & Co. L P decreased its stake in Clean Harbors, Inc. (NYSE:CLH) by 11.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 126,589 shares of the business services provider’s stock after selling 16,087 shares during the period. Loomis Sayles & Co. L P’s holdings in Clean Harbors were worth $30,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CLH. Clearbridge Investments LLC grew its stake in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Clean Harbors by 12.6% in the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after purchasing an additional 63,800 shares during the period. Marshall Wace LLP increased its stake in shares of Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Clean Harbors by 13.7% during the 2nd quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider’s stock valued at $110,965,000 after purchasing an additional 59,033 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in shares of Clean Harbors by 5.1% during the 2nd quarter. Hood River Capital Management LLC now owns 475,285 shares of the business services provider’s stock valued at $107,486,000 after buying an additional 23,222 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $259.18 on Tuesday. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The company’s 50-day moving average is $250.15 and its 200 day moving average is $235.60. The firm has a market capitalization of $13.97 billion, a P/E ratio of 33.75 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $1.68 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent analyst reports. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Oppenheimer boosted their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $254.33.

Insider Buying and Selling

In related news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,586 shares of company stock valued at $4,351,841 over the last quarter. 5.90% of the stock is owned by corporate insiders.

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.