Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 355,218 shares of the business services provider’s stock after buying an additional 21,608 shares during the quarter. American Century Companies Inc.’s holdings in Clean Harbors were worth $81,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Pathstone Holdings LLC boosted its position in shares of Clean Harbors by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider’s stock valued at $1,424,000 after purchasing an additional 73 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Clean Harbors in the third quarter worth about $237,000. Cerity Partners LLC increased its position in shares of Clean Harbors by 30.6% in the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider’s stock worth $3,693,000 after acquiring an additional 3,580 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Clean Harbors during the third quarter valued at approximately $919,000. Finally, Truvestments Capital LLC lifted its position in shares of Clean Harbors by 6.5% in the 3rd quarter. Truvestments Capital LLC now owns 3,831 shares of the business services provider’s stock valued at $926,000 after acquiring an additional 233 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Robert W. Baird lowered their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Oppenheimer reduced their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One investment 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 company’s stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $266.56.

Insiders Place Their Bets

In related news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last quarter. Insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH opened at $200.34 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The firm has a market cap of $10.79 billion, a PE ratio of 27.00 and a beta of 1.22. The firm’s 50 day moving average price is $219.97 and its 200 day moving average price is $236.42. Clean Harbors, Inc. has a twelve month low of $186.54 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. As a group, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS 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.