Clean Harbors, Inc. $CLH Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 41.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 362,730 shares of the business services provider’s stock after buying an additional 107,150 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.68% of Clean Harbors worth $84,233,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vestmark Advisory Solutions Inc. increased its holdings in Clean Harbors by 127.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after buying an additional 8,514 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Clean Harbors during the 2nd quarter worth about $242,000. Schroder Investment Management Group grew its position in shares of Clean Harbors by 18.5% during the 2nd quarter. Schroder Investment Management Group now owns 40,807 shares of the business services provider’s stock valued at $9,434,000 after acquiring an additional 6,365 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Clean Harbors in the 2nd quarter valued at about $741,000. Finally, SG Capital Management LLC purchased a new position in shares of Clean Harbors in the 2nd quarter valued at about $20,753,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLH has been the topic of several research analyst reports. Wells Fargo & Company began coverage on Clean Harbors in a report on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. Raymond James Financial dropped their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. The Goldman Sachs Group started coverage on shares of Clean Harbors in a research report on Monday, November 24th. They set a “neutral” rating and a $228.00 price objective for the company. Finally, Zacks Research downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $250.08.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 0.5%

NYSE CLH opened at $245.33 on Wednesday. The business has a fifty day moving average price of $226.79 and a 200 day moving average price of $232.92. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $251.43. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a market cap of $13.11 billion, a P/E ratio of 34.03 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $2.12 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.