Schroder Investment Management Group Purchases 4,227 Shares of Clean Harbors, Inc. (NYSE:CLH)

Schroder Investment Management Group lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 42,216 shares of the business services provider’s stock after purchasing an additional 4,227 shares during the period. Schroder Investment Management Group’s holdings in Clean Harbors were worth $9,716,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLH. Skandinaviska Enskilda Banken AB publ raised its holdings in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP increased its position in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares during the last quarter. UMB Bank n.a. lifted its position in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 238 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,341 shares of company stock worth $663,041. Company insiders own 5.90% of the company’s stock.

Clean Harbors Trading Down 4.2 %

Shares of CLH stock opened at $190.21 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.24 billion, a P/E ratio of 25.63 and a beta of 1.11. The company has a 50 day moving average of $212.46 and a 200-day moving average of $233.93. Clean Harbors, Inc. has a 12-month low of $184.52 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CLH. Robert W. Baird lowered their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets dropped their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus target price of $266.56.

Clean Harbors Profile

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.