Fort Washington Investment Advisors Inc. OH Has $20.44 Million Holdings in Clean Harbors, Inc. $CLH

Fort Washington Investment Advisors Inc. OH decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 22.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 71,277 shares of the business services provider’s stock after selling 20,449 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Clean Harbors were worth $20,437,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Clean Harbors in the fourth quarter worth approximately $152,195,000. Durable Capital Partners LP purchased a new position in shares of Clean Harbors during the third quarter valued at approximately $133,217,000. Nordea Investment Management AB grew its holdings in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares in the last quarter. Two Sigma Investments LP grew its holdings in Clean Harbors by 148.3% during the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $301.68 on Monday. The business’s fifty day simple moving average is $293.57 and its 200 day simple moving average is $277.92. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The firm has a market capitalization of $15.94 billion, a P/E ratio of 40.88 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLH. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. UBS Group increased their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company raised their price target on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Finally, Robert W. Baird upped their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $323.23.

Insiders Place Their Bets

In related news, Director Lauren States sold 789 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

About Clean Harbors

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.