Dimensional Fund Advisors LP Sells 68,572 Shares of Clean Harbors, Inc. (NYSE:CLH)

Dimensional Fund Advisors LP trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 8.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 707,758 shares of the business services provider’s stock after selling 68,572 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Clean Harbors were worth $160,072,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $732,000. Capstone Investment Advisors LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $691,000. Mountain Pacific Investment Advisers Inc. ID bought a new stake in shares of Clean Harbors during the first quarter valued at approximately $14,161,000. Perpetual Ltd grew its stake in shares of Clean Harbors by 9.6% during the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Wellington Management Group LLP grew 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 purchasing an additional 182,622 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

CLH stock opened at $247.10 on Friday. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $247.74. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The firm has a market cap of $13.33 billion, a PE ratio of 35.51 and a beta of 1.20. The business’s 50-day moving average price is $235.97 and its two-hundred day moving average price is $217.39.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the topic of several research analyst reports. Oppenheimer increased their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial increased their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC raised their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird raised their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Clean Harbors has a consensus rating of “Buy” and a consensus price target of $242.40.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Clean Harbors Company 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.