Artemis Investment Management LLP Raises Holdings in Clean Harbors, Inc. (NYSE:CLH)

Artemis Investment Management LLP increased its holdings in Clean Harbors, Inc. (NYSE:CLHGet Rating) by 30.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,048,512 shares of the business services provider’s stock after acquiring an additional 244,060 shares during the period. Clean Harbors makes up about 0.9% of Artemis Investment Management LLP’s holdings, making the stock its 26th largest holding. Artemis Investment Management LLP owned approximately 1.93% of Clean Harbors worth $116,902,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Snyder Capital Management L P grew its position in Clean Harbors by 2.5% in the fourth quarter. Snyder Capital Management L P now owns 1,711,892 shares of the business services provider’s stock worth $170,795,000 after acquiring an additional 41,392 shares during the period. Impax Asset Management Group plc grew its position in Clean Harbors by 8.5% in the fourth quarter. Impax Asset Management Group plc now owns 1,600,226 shares of the business services provider’s stock worth $158,244,000 after acquiring an additional 124,801 shares during the period. Marshall Wace LLP purchased a new position in Clean Harbors in the fourth quarter worth approximately $137,449,000. State Street Corp boosted its position in shares of Clean Harbors by 3.7% during the fourth quarter. State Street Corp now owns 1,312,735 shares of the business services provider’s stock worth $130,972,000 after buying an additional 46,477 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Clean Harbors by 22.5% during the fourth quarter. Invesco Ltd. now owns 1,291,711 shares of the business services provider’s stock worth $128,874,000 after buying an additional 237,529 shares during the period. Institutional investors own 86.53% of the company’s stock.

Shares of NYSE CLH opened at $90.32 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $92.27 and its 200-day simple moving average is $97.49. Clean Harbors, Inc. has a 12-month low of $81.56 and a 12-month high of $118.89. The stock has a market cap of $4.92 billion, a P/E ratio of 21.76 and a beta of 1.59.

Clean Harbors (NYSE:CLHGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Clean Harbors had a net margin of 5.44% and a return on equity of 14.82%. The company’s revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. On average, equities analysts forecast that Clean Harbors, Inc. will post 4.44 EPS for the current fiscal year.

CLH has been the subject of several research analyst reports. Raymond James raised their price target on Clean Harbors from $125.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 22nd. The Goldman Sachs Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $120.00 in a research report on Monday, April 4th. Robert W. Baird raised their price target on Clean Harbors from $128.00 to $131.00 in a research report on Thursday, May 5th. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $130.00 price target on shares of Clean Harbors in a research report on Friday, May 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $126.88.

In related news, Director Lauren States sold 750 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $90.68, for a total value of $68,010.00. Following the completion of the transaction, the director now directly owns 12,332 shares in the company, valued at approximately $1,118,265.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Louis Battles acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $88.35 per share, for a total transaction of $176,700.00. Following the completion of the transaction, the chief financial officer now directly owns 70,440 shares in the company, valued at approximately $6,223,374. The disclosure for this purchase can be found here. Insiders own 6.60% of the company’s stock.

Clean Harbors Company Profile (Get Rating)

Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

Further Reading

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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