Clean Harbors, Inc. $CLH Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 76.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 891 shares of the business services provider’s stock after selling 2,945 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Clean Harbors were worth $206,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Hopwood Financial Services Inc. purchased a new position in Clean Harbors during the 1st quarter valued at about $30,000. Quarry LP acquired a new stake in shares of Clean Harbors during the 1st quarter worth about $48,000. Banque Cantonale Vaudoise acquired a new stake in shares of Clean Harbors during the 1st quarter worth about $48,000. Blue Trust Inc. boosted its stake in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after purchasing an additional 56 shares during the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Clean Harbors by 42.0% during the 1st quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock worth $56,000 after purchasing an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Barclays started coverage on shares of Clean Harbors in a report on Friday, September 19th. They issued an “equal weight” rating and a $253.00 target price for the company. Oppenheimer boosted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Clean Harbors in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $262.45.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the sale, the director owned 9,888 shares in the company, valued at $2,310,232.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer owned 82,911 shares of the company’s stock, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Clean Harbors Trading Up 1.4%

CLH opened at $235.36 on Thursday. The stock has a market capitalization of $12.62 billion, a PE ratio of 33.06 and a beta of 1.18. The firm’s fifty day moving average price is $238.47 and its 200 day moving average price is $226.37. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. As a group, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.