Clean Harbors, Inc. $CLH Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,155,233 shares of the business services provider’s stock after selling 421,801 shares during the period. Wellington Management Group LLP owned about 5.98% of Clean Harbors worth $942,626,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLH. BlackRock Inc. acquired a new stake in Clean Harbors during the 2nd quarter valued at approximately $1,516,521,000. Janus Henderson Group PLC raised its position in shares of 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 purchasing an additional 215,659 shares in the last quarter. Jupiter Topco LLC purchased a new position in shares of Clean Harbors during the 2nd quarter valued at approximately $477,570,000. State Street Corp grew its position in shares of Clean Harbors by 0.8% during the third 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. Finally, Bessemer Group Inc. grew its position in shares of Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CLH. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. TD Cowen boosted their price objective on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their price objective on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Trading Down 0.4%

Shares of NYSE:CLH opened at $310.56 on Friday. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $307.51 and its 200 day moving average price is $296.28. The company has a market cap of $16.39 billion, a PE ratio of 37.69, a P/E/G ratio of 2.01 and a beta of 0.86. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.00% of the company’s stock.

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.