Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC boosted its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,264 shares of the business services provider’s stock after purchasing an additional 2,478 shares during the period. Clean Harbors makes up about 1.4% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 29th biggest holding. Cramer Rosenthal Mcglynn LLC owned approximately 0.19% of Clean Harbors worth $23,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock valued at $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its position in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after purchasing an additional 697,630 shares during the period. Bessemer Group Inc. lifted its position in shares of Clean Harbors by 0.9% during the fourth quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider’s stock worth $252,042,000 after purchasing an additional 9,595 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Clean Harbors in the fourth quarter valued at $136,974,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group cut their target price on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Oppenheimer reduced their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.40.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction 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 sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Stock Up 1.2 %

NYSE:CLH opened at $207.25 on Friday. The firm has a market capitalization of $11.16 billion, a PE ratio of 27.93 and a beta of 1.11. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week 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 has a 50 day moving average of $203.79 and a 200-day moving average of $230.37.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm 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 firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS 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.