Impax Asset Management Group plc Sells 126,998 Shares of Clean Harbors, Inc. $CLH

Impax Asset Management Group plc reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 26.3% in the second quarter, Holdings Channel.com reports. The fund owned 356,255 shares of the business services provider’s stock after selling 126,998 shares during the quarter. Impax Asset Management Group plc’s holdings in Clean Harbors were worth $81,254,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Hopwood Financial Services Inc. purchased a new stake in Clean Harbors in the first quarter worth $30,000. Golden State Wealth Management LLC boosted its stake in shares of Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Clean Harbors in the second quarter worth about $48,000. Allworth Financial LP increased its stake in Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after buying an additional 43 shares during the period. Finally, Quarry LP bought a new stake in Clean Harbors during the 1st quarter valued at about $48,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of research reports. Raymond James Financial lowered their price target on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a report on Thursday, October 30th. UBS Group lowered their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Barclays lowered their price target on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Finally, BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.73.

Clean Harbors Price Performance

NYSE:CLH opened at $207.64 on Thursday. The firm’s fifty day moving average is $230.02 and its two-hundred day moving average is $231.18. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 28.80 and a beta of 1.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.07 and a current ratio of 2.44. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $263.43.

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

Clean Harbors 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.