Clean Harbors, Inc. $CLH Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 30.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,039 shares of the business services provider’s stock after selling 2,223 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Clean Harbors were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CLH. Integrated Wealth Concepts LLC lifted its stake in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after acquiring an additional 196 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Clean Harbors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Clean Harbors by 65.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after acquiring an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Clean Harbors

In other news, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president owned 23,193 shares in the company, valued at $6,542,049.51. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the sale, the director owned 5,081 shares in the company, valued at $1,463,023.14. This represents a 14.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,597 shares of company stock valued at $3,895,286. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 1.1%

CLH stock opened at $299.96 on Friday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The firm has a market cap of $15.99 billion, a PE ratio of 41.20 and a beta of 0.94. The firm has a 50 day simple moving average of $287.78 and a 200 day simple moving average of $254.40. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings lowered shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. BMO Capital Markets increased their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.64.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.