Robeco Schweiz AG Sells 15,433 Shares of Clean Harbors, Inc. $CLH

Robeco Schweiz AG lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 186,112 shares of the business services provider’s stock after selling 15,433 shares during the quarter. Robeco Schweiz AG owned approximately 0.35% of Clean Harbors worth $43,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP raised its stake in shares of Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 43 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Clean Harbors by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock valued at $3,636,000 after buying an additional 48 shares during the period. MAI Capital Management lifted its holdings in shares of Clean Harbors by 6.1% in the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after buying an additional 48 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Clean Harbors by 5.2% in the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 49 shares during the period. Finally, SkyView Investment Advisors LLC grew its stake in Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CLH shares. Oppenheimer reiterated an “outperform” rating and issued a $237.00 target price on shares of Clean Harbors in a research note on Thursday, October 30th. Citigroup began coverage on Clean Harbors in a research report on Wednesday, December 10th. They issued a “neutral” rating and a $263.00 price objective on the stock. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Raymond James Financial cut their price objective 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. Finally, Wells Fargo & Company began coverage on shares of Clean Harbors in a report on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price target on the stock. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.08.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is owned by insiders.

Clean Harbors Price Performance

Shares of CLH stock opened at $253.47 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $257.42. The firm has a market cap of $13.54 billion, a P/E ratio of 35.15 and a beta of 0.95. The business’s 50 day moving average price is $230.62 and its 200-day moving average price is $233.62.

Clean Harbors (NYSE:CLH) last announced its quarterly 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 business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business earned $2.12 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

About Clean Harbors

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.