SG Americas Securities LLC Grows Position in Clean Harbors, Inc. $CLH

SG Americas Securities LLC grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 57.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,621 shares of the business services provider’s stock after buying an additional 22,827 shares during the period. SG Americas Securities LLC’s holdings in Clean Harbors were worth $14,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Candriam S.C.A. grew its stake in Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after acquiring an additional 18,367 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Clean Harbors by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after purchasing an additional 15,872 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted 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 purchasing an additional 6,371 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Clean Harbors by 8.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after purchasing an additional 87,322 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 1.3%

CLH opened at $279.24 on Friday. The stock has a market capitalization of $14.77 billion, a PE ratio of 38.36 and a beta of 0.93. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The business’s 50 day moving average price is $276.85 and its 200 day moving average price is $248.02.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) 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 company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the sale, the director directly owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,597 shares of company stock worth $3,895,286. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CLH shares. Needham & Company LLC increased their price target on Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Oppenheimer lifted their price target on Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $299.27.

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.