Dynamic Technology Lab Private Ltd Cuts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Dynamic Technology Lab Private Ltd lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,540 shares of the business services provider’s stock after selling 1,262 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Clean Harbors were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its holdings in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after purchasing an additional 697,630 shares during the period. Norges Bank purchased a new stake in Clean Harbors during the fourth quarter worth approximately $136,974,000. Wellington Management Group LLP increased its position in shares of Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Clean Harbors in the 4th quarter valued at $57,956,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Clean Harbors by 50.4% during the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after acquiring an additional 99,591 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CLH shares. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Stifel Nicolaus reduced their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Oppenheimer lowered their price objective 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, February 20th. StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Robert W. Baird lowered their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.56.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Eric J. Dugas bought 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,341 shares of company stock valued at $663,041 over the last three months. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Down 1.5 %

CLH stock opened at $186.39 on Tuesday. The company has a market capitalization of $10.04 billion, a P/E ratio of 25.12 and a beta of 1.11. The firm has a 50 day simple moving average of $211.43 and a 200-day simple moving average of $233.41. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company 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.