Clean Harbors, Inc. (NYSE:CLH) Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,640 shares of the business services provider’s stock after selling 107 shares during the period. PNC Financial Services Group Inc. owned about 0.06% of Clean Harbors worth $5,347,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CLH. Norges Bank bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $87,074,000. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Clean Harbors by 61.6% during the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock valued at $65,983,000 after acquiring an additional 150,251 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at approximately $23,999,000. Finally, Sandler Capital Management increased its stake in shares of Clean Harbors by 232.4% during the third quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock valued at $26,822,000 after acquiring an additional 112,047 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.3 %

Shares of NYSE:CLH opened at $226.83 on Wednesday. The firm has a fifty day moving average of $208.40 and a two-hundred day moving average of $189.78. The firm has a market capitalization of $12.24 billion, a P/E ratio of 32.83 and a beta of 1.22. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $228.18. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.36 EPS. On average, equities analysts expect that Clean Harbors, Inc. will post 7.47 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold 65,344 shares of company stock valued at $13,911,876 in the last quarter. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CLH shares. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Raymond James lifted their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Finally, Oppenheimer lifted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $216.40.

About Clean Harbors

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.