Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 290,155 shares of the business services provider’s stock after selling 17,335 shares during the quarter. Clean Harbors accounts for approximately 1.4% of Robeco Schweiz AG’s holdings, making the stock its 26th biggest position. Robeco Schweiz AG’s holdings in Clean Harbors were worth $66,776,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CLH. Allworth Financial LP increased its position in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Clean Harbors in the third quarter valued at $56,000. UMB Bank n.a. increased its position in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares in the last quarter. Spire Wealth Management increased its position in Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Down 0.5 %

Shares of NYSE:CLH opened at $213.07 on Thursday. The firm has a market cap of $11.48 billion, a price-to-earnings ratio of 28.72 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $180.37 and a 12-month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s 50-day moving average price is $231.51 and its two-hundred day moving average price is $241.72.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold 924 shares of company stock valued at $219,570 in the last three months. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CLH shares. BMO Capital Markets dropped their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Robert W. Baird dropped their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.56.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.