Vaughan Nelson Investment Management L.P. Has $110.83 Million Stock Position in Clean Harbors, Inc. $CLH

Vaughan Nelson Investment Management L.P. raised its position in Clean Harbors, Inc. (NYSE:CLH) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,540 shares of the business services provider’s stock after purchasing an additional 15,665 shares during the quarter. Clean Harbors makes up approximately 1.1% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 23rd biggest position. Vaughan Nelson Investment Management L.P. owned about 0.73% of Clean Harbors worth $110,833,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. MidFirst Bank acquired a new position in Clean Harbors in the fourth quarter worth approximately $28,000. Finally, Larson Financial Group LLC raised its position in Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CLH shares. TD Cowen lifted their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and increased their price target for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Truist Financial lifted their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Stifel Nicolaus began coverage on shares of Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price objective for the company. Finally, UBS Group increased their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.00% of the company’s stock.

Clean Harbors Stock Up 0.1%

Shares of Clean Harbors stock opened at $288.82 on Monday. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $294.19 and a two-hundred day moving average price of $275.88. The stock has a market capitalization of $15.26 billion, a P/E ratio of 39.14 and a beta of 0.87.

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

Clean Harbors 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.