Cramer Rosenthal Mcglynn LLC Trims Stake in Clean Harbors, Inc. $CLH

Cramer Rosenthal Mcglynn LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 22.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,549 shares of the business services provider’s stock after selling 24,155 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Clean Harbors were worth $19,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CLH. Integrated Wealth Concepts LLC lifted its holdings 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 last quarter. Jones Financial Companies Lllp boosted its position in Clean Harbors by 47.7% during the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after buying an additional 196 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after buying an additional 5,884 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Clean Harbors by 41.1% in the second quarter. Assetmark Inc. now owns 292 shares of the business services provider’s stock worth $68,000 after buying an additional 85 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Clean Harbors by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock worth $97,795,000 after buying an additional 53,828 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CLH shares. Robert W. Baird set a $300.00 price objective on Clean Harbors in a research report on Thursday, February 19th. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Citigroup upped their price target on Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, The Goldman Sachs Group raised their price target on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.18.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas sold 2,788 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John R. Welch sold 750 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $273.07, for a total transaction of $204,802.50. Following the sale, the director owned 10,237 shares of the company’s stock, valued at approximately $2,795,417.59. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,679 shares of company stock valued at $2,132,403 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Clean Harbors Stock Down 1.2%

NYSE:CLH opened at $289.40 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The firm has a market cap of $15.31 billion, a P/E ratio of 39.75 and a beta of 0.93. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The firm has a 50-day simple moving average of $264.55 and a two-hundred day simple moving average of $243.14.

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

About Clean Harbors

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.