Artemis Investment Management LLP Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Artemis Investment Management LLP reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 40.9% in the 1st quarter, HoldingsChannel reports. The firm owned 431,635 shares of the business services provider’s stock after selling 298,656 shares during the period. Clean Harbors comprises approximately 1.1% of Artemis Investment Management LLP’s holdings, making the stock its 21st largest position. Artemis Investment Management LLP’s holdings in Clean Harbors were worth $86,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CLH. GAMMA Investing LLC raised its stake in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Clean Harbors by 0.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock worth $1,845,000 after acquiring an additional 58 shares during the period. Blue Trust Inc. grew its holdings in Clean Harbors by 52.4% during the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares during the period. Commerce Bank raised its position in Clean Harbors by 3.3% in the fourth quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock worth $429,000 after acquiring an additional 79 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in Clean Harbors by 2.7% in the fourth quarter. Van Hulzen Asset Management LLC now owns 3,052 shares of the business services provider’s stock valued at $533,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity

In related news, Director Lauren States sold 1,148 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the sale, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock valued at $12,320,113 over the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Trading Down 1.2 %

Shares of Clean Harbors stock traded down $2.74 during mid-day trading on Friday, hitting $226.15. 543,747 shares of the stock were exchanged, compared to its average volume of 315,396. The company has a 50-day simple moving average of $213.35 and a 200 day simple moving average of $192.79. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 33.33 and a beta of 1.22. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $231.15.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company earned $1.36 EPS. Clean Harbors’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts forecast that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Raymond James increased their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $216.40.

Clean Harbors Profile

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.