Border to Coast Pensions Partnership Ltd Decreases Holdings in Clean Harbors, Inc. $CLH

Border to Coast Pensions Partnership Ltd lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 25.0% in the first quarter, Holdings Channel reports. The firm owned 45,000 shares of the business services provider’s stock after selling 15,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Clean Harbors were worth $12,942,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CLH. Janus Henderson Group PLC lifted its stake in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares in the last quarter. State Street Corp increased its stake in Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after buying an additional 12,452 shares in the last quarter. Snyder Capital Management L P raised its holdings in shares of Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock valued at $266,706,000 after acquiring an additional 83,638 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after acquiring an additional 569,388 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Clean Harbors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after acquiring an additional 11,020 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Clean Harbors Trading Up 0.8%

CLH opened at $301.68 on Friday. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 40.88 and a beta of 0.87. The company’s 50 day simple moving average is $293.57 and its two-hundred day simple moving average is $277.65. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Clean Harbors, Inc. will post 8.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Oppenheimer lifted their price target on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Needham & Company LLC increased their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Barclays raised their price objective on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Finally, UBS Group upped their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

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.