Clean Harbors, Inc. $CLH Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 85.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,788 shares of the business services provider’s stock after selling 123,189 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Clean Harbors were worth $4,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its stake in Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock valued at $2,044,000 after purchasing an additional 52 shares during the last quarter. Blue Trust Inc. raised its stake in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Xponance Inc. raised its stake in Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock valued at $1,321,000 after purchasing an additional 61 shares during the last quarter. Atticus Wealth Management LLC raised its stake in Clean Harbors by 13.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 65 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Clean Harbors by 24.6% during the 1st quarter. UMB Bank n.a. now owns 349 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CLH shares. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. UBS Group upped their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Raymond James Financial upped their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. Finally, Barclays started coverage on shares of Clean Harbors in a research note on Friday, September 19th. They set an “equal weight” rating and a $253.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $262.45.

Insider Buying and Selling

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the transaction, the director owned 9,888 shares in the company, valued at $2,310,232.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Louis Battles purchased 2,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $233.50 per share, with a total value of $467,000.00. Following the acquisition, the chief executive officer owned 82,911 shares in the company, valued at $19,359,718.50. This trade represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Stock Down 1.2%

Shares of NYSE:CLH opened at $233.23 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market capitalization of $12.51 billion, a P/E ratio of 32.76 and a beta of 1.22. The stock has a 50-day simple moving average of $238.51 and a 200-day simple moving average of $223.80.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the business earned $2.46 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.