Robeco Schweiz AG Sells 17,335 Shares of Clean Harbors, Inc. (NYSE:CLH)

Robeco Schweiz AG cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.6% during the 4th quarter, according to its most recent Form 13F filing 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 makes up approximately 1.4% of Robeco Schweiz AG’s investment portfolio, making the stock its 26th largest holding. Robeco Schweiz AG owned approximately 0.54% of Clean Harbors worth $66,776,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised 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 purchasing an additional 103 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the third quarter valued at about $56,000. UMB Bank n.a. increased its position in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after acquiring an additional 66 shares during the period. TD Private Client Wealth LLC increased its position in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares during the period. Finally, Spire Wealth Management increased its position in Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after acquiring an additional 238 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock opened at $213.07 on Thursday. The company has a 50 day moving average price of $231.51 and a 200-day moving average price of $241.72. 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 capitalization of $11.48 billion, a PE ratio of 28.72 and a beta of 1.24. Clean Harbors, Inc. has a 52 week low of $180.37 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CLH. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. StockNews.com lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, Stifel Nicolaus cut their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Two equities research 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. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $270.56.

Insider Activity

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 924 shares of company stock worth $219,570. Corporate insiders own 5.90% of the company’s stock.

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.