Assenagon Asset Management S.A. Sells 56,771 Shares of Clean Harbors, Inc. $CLH

Assenagon Asset Management S.A. cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 53.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,943 shares of the business services provider’s stock after selling 56,771 shares during the period. Assenagon Asset Management S.A.’s holdings in Clean Harbors were worth $14,033,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in Clean Harbors by 4.2% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,540 shares of the business services provider’s stock valued at $110,833,000 after acquiring an additional 15,665 shares during the period. Diversified Trust Co acquired a new position in Clean Harbors during the 1st quarter worth about $656,000. Corient Private Wealth LLC lifted its holdings in Clean Harbors by 152.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider’s stock worth $2,975,000 after buying an additional 7,667 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Clean Harbors by 309.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the business services provider’s stock valued at $96,000 after buying an additional 309 shares during the last quarter. Finally, MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $28,000. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $301.68 on Friday. The company has a fifty day moving average of $293.57 and a 200-day moving average of $277.65. The firm has a market capitalization of $15.94 billion, a P/E ratio of 40.88 and a beta of 0.87. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion for 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%. Clean Harbors’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CLH shares. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group upped their target price on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. UBS Group raised their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company upped their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and a consensus price target of $323.23.

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.