Clean Harbors, Inc. $CLH Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.8% in the second quarter, Holdings Channel.com reports. The fund owned 65,029 shares of the business services provider’s stock after selling 5,483 shares during the period. Thornburg Investment Management Inc.’s holdings in Clean Harbors were worth $15,033,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CLH. Hopwood Financial Services Inc. purchased a new position in shares of Clean Harbors during the 1st quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its position in shares of Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after buying an additional 109 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Clean Harbors in the first quarter valued at $48,000. Quarry LP purchased a new stake in shares of Clean Harbors in the 1st quarter valued at $48,000. Finally, Ameritas Advisory Services LLC acquired a new position in Clean Harbors during the 2nd quarter worth about $48,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Up 4.3%

Clean Harbors stock opened at $224.27 on Wednesday. The stock has a market cap of $11.98 billion, a PE ratio of 31.11 and a beta of 1.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.07. The stock’s fifty day moving average is $225.26 and its two-hundred day moving average is $230.67. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $263.43.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company posted $2.12 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on CLH shares. Oppenheimer reiterated an “outperform” rating and set a $237.00 price target on shares of Clean Harbors in a research note on Thursday, October 30th. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research report on Wednesday, November 19th. The Goldman Sachs Group initiated coverage on shares of Clean Harbors in a research note on Monday. They issued a “neutral” rating and a $228.00 price target for the company. Finally, Barclays reduced their price objective on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $255.25.

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.