Mutual of America Capital Management LLC Decreases Stock Position in Clean Harbors, Inc. $CLH

Mutual of America Capital Management LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 5.8% in the 3rd quarter, Holdings Channel reports. The firm owned 41,330 shares of the business services provider’s stock after selling 2,539 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Clean Harbors were worth $9,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Clean Harbors by 58.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the business services provider’s stock worth $51,000 after buying an additional 83 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new position in Clean Harbors in the 3rd quarter worth approximately $219,000. UniSuper Management Pty Ltd boosted its holdings in shares of Clean Harbors by 14.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock worth $11,997,000 after purchasing an additional 6,338 shares during the last quarter. Strs Ohio grew its position in shares of Clean Harbors by 3.2% in the third quarter. Strs Ohio now owns 43,411 shares of the business services provider’s stock valued at $10,081,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Inscription Capital LLC purchased a new position in Clean Harbors during the third quarter worth approximately $777,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CLH. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. UBS Group cut their price objective 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. Raymond James Financial decreased their target price on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th. Citigroup raised their price target on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Finally, Needham & Company LLC upped their price objective on Clean Harbors from $255.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.17.

Clean Harbors Stock Up 0.2%

Clean Harbors stock opened at $260.09 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The firm has a 50 day moving average price of $240.63 and a 200 day moving average price of $235.50. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $268.22. The company has a market capitalization of $13.90 billion, a PE ratio of 36.07 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The company’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 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company insiders.

Clean Harbors Profile

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.