Sirios Capital Management L P Decreases Stake in Clean Harbors, Inc. (NYSE:CLH)

Sirios Capital Management L P cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,847 shares of the business services provider’s stock after selling 1,669 shares during the period. Clean Harbors accounts for about 1.3% of Sirios Capital Management L P’s portfolio, making the stock its 27th largest position. Sirios Capital Management L P’s holdings in Clean Harbors were worth $7,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CLH. Pinebridge Investments L.P. grew its holdings in shares of Clean Harbors by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 9,500 shares of the business services provider’s stock valued at $2,186,000 after buying an additional 2,844 shares during the last quarter. J. Safra Sarasin Holding AG grew its stake in Clean Harbors by 7.2% during the 4th quarter. J. Safra Sarasin Holding AG now owns 114,860 shares of the business services provider’s stock valued at $26,434,000 after purchasing an additional 7,693 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Clean Harbors during the 4th quarter valued at about $365,000. Stifel Financial Corp increased its holdings in shares of Clean Harbors by 0.5% in the fourth quarter. Stifel Financial Corp now owns 84,390 shares of the business services provider’s stock valued at $19,422,000 after purchasing an additional 415 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Clean Harbors by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 28,566 shares of the business services provider’s stock worth $6,574,000 after purchasing an additional 2,340 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLH. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Robert W. Baird lowered their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Finally, StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Three investment 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. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $258.40.

Clean Harbors Stock Up 2.0 %

Shares of NYSE CLH opened at $208.48 on Wednesday. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 28.10 and a beta of 1.11. The company’s 50-day simple moving average is $202.28 and its 200-day simple moving average is $229.52. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $1.82 EPS. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

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.