Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 42.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,500 shares of the business services provider’s stock after acquiring an additional 2,844 shares during the quarter. Pinebridge Investments L.P.’s holdings in Clean Harbors were worth $2,186,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ increased its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. raised its position in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. purchased a new position in shares of Clean Harbors in the fourth quarter worth about $56,000. Finally, UMB Bank n.a. grew its stake in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.1 %

Shares of NYSE CLH opened at $212.25 on Monday. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The business’s 50 day moving average is $201.24 and its two-hundred day moving average is $228.52. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 28.61 and a beta of 1.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets reduced their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.40.

Insider Buying and Selling

In other news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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.