Grantham Mayo Van Otterloo & Co. LLC Makes New $28.93 Million Investment in Clean Harbors, Inc. $CLH

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 124,557 shares of the business services provider’s stock, valued at approximately $28,925,000. Grantham Mayo Van Otterloo & Co. LLC owned about 0.23% of Clean Harbors as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the business. Candriam S.C.A. grew its position in shares of Clean Harbors by 36.4% in the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after purchasing an additional 18,367 shares during the period. JPMorgan Chase & Co. lifted its position in Clean Harbors by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after buying an additional 15,872 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Clean Harbors by 715.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock worth $1,686,000 after buying an additional 6,371 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Clean Harbors by 127.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock worth $3,515,000 after buying an additional 8,514 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Clean Harbors by 8.6% in the 3rd 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 during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 2.3%

CLH opened at $282.97 on Monday. The firm’s 50 day moving average is $265.39 and its 200-day moving average is $243.40. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $298.12. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $14.97 billion, a P/E ratio of 38.87 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business earned $1.55 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. Raymond James Financial restated a “strong-buy” rating and set a $320.00 price objective on shares of Clean Harbors in a report on Monday, February 23rd. Finally, Oppenheimer boosted their price target on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. 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 stock. According to MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and a consensus target price of $292.18.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Welch sold 750 shares of Clean Harbors stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $273.07, for a total value of $204,802.50. Following the sale, the director directly owned 10,237 shares in the company, valued at approximately $2,795,417.59. The trade was a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 7,679 shares of company stock valued at $2,132,403 over the last ninety days. Insiders own 5.60% of the company’s stock.

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.