Vaughan Nelson Investment Management L.P. Has $86.96 Million Holdings in Clean Harbors, Inc. $CLH

Vaughan Nelson Investment Management L.P. grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 370,875 shares of the business services provider’s stock after buying an additional 8,145 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Clean Harbors were worth $86,963,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Clean Harbors by 0.8% in the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares in the last quarter. Snyder Capital Management L P raised its holdings in Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after buying an additional 83,638 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Clean Harbors by 8.6% in the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after buying an additional 87,322 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Clean Harbors by 18.5% during the third quarter. First Trust Advisors LP now owns 651,685 shares of the business services provider’s stock valued at $151,334,000 after buying an additional 101,509 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the sale, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the sale, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,597 shares of company stock valued at $3,895,286 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. BMO Capital Markets raised their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Truist Financial upped their price target on Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Oppenheimer lifted their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $299.27.

Clean Harbors Stock Performance

Shares of CLH opened at $280.09 on Tuesday. The stock has a 50 day moving average of $277.17 and a 200 day moving average of $248.41. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 38.47 and a beta of 0.92. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $298.12. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company 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.