35,198 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,198 shares of the business services provider’s stock, valued at approximately $8,100,000. Assenagon Asset Management S.A. owned 0.07% of Clean Harbors at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in Clean Harbors by 17.7% during the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock worth $20,253,000 after acquiring an additional 13,458 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Clean Harbors by 19.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 1,467 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Clean Harbors by 4.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider’s stock valued at $1,705,000 after buying an additional 343 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Clean Harbors during the 2nd quarter valued at about $2,733,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Clean Harbors by 911.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 516 shares of the business services provider’s stock valued at $117,000 after buying an additional 465 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLH. Stifel Nicolaus boosted their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer increased their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Robert W. Baird lowered their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $241.80 on Monday. Clean Harbors, Inc. has a twelve month low of $163.72 and a twelve month high of $267.11. The company has a market capitalization of $13.03 billion, a PE ratio of 31.48 and a beta of 1.24. The stock’s 50 day moving average price is $242.47 and its 200-day moving average price is $241.27. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’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 completion of the transaction, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is currently owned by corporate insiders.

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.