Vaughan Nelson Investment Management L.P. Acquires 15,665 Shares of Clean Harbors, Inc. $CLH

Vaughan Nelson Investment Management L.P. raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 4.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 386,540 shares of the business services provider’s stock after acquiring an additional 15,665 shares during the period. Clean Harbors accounts for 1.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 23rd largest position. Vaughan Nelson Investment Management L.P.’s holdings in Clean Harbors were worth $110,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Quattro Advisors LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors in the fourth quarter worth $26,000. Parkside Financial Bank & Trust increased its position in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the period. MidFirst Bank bought a new position in Clean Harbors during the fourth quarter worth $28,000. Finally, Larson Financial Group LLC raised its stake in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Up 0.1%

Shares of Clean Harbors stock opened at $288.82 on Monday. The firm has a market capitalization of $15.26 billion, a PE ratio of 39.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. The company’s fifty day moving average price is $294.19 and its two-hundred day moving average price is $275.88. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. On average, analysts expect that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Analyst Ratings Changes

CLH has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. UBS Group upped their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and increased their target price for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. TD Cowen lifted their target price on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays boosted their price target on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.23.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

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.