Clean Harbors Inc (NYSE:CLH) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its stake in shares of Clean Harbors Inc (NYSE:CLH) by 13.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 154,776 shares of the business services provider’s stock after selling 23,197 shares during the quarter. First Trust Advisors LP owned about 0.28% of Clean Harbors worth $11,071,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Martingale Asset Management L P lifted its position in shares of Clean Harbors by 37.3% in the 1st quarter. Martingale Asset Management L P now owns 17,320 shares of the business services provider’s stock worth $1,240,000 after purchasing an additional 4,703 shares during the period. Penserra Capital Management LLC lifted its position in shares of Clean Harbors by 717.5% during the 1st quarter. Penserra Capital Management LLC now owns 4,488 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 3,939 shares during the period. Mason Street Advisors LLC lifted its position in shares of Clean Harbors by 1.3% during the 1st quarter. Mason Street Advisors LLC now owns 27,029 shares of the business services provider’s stock valued at $1,933,000 after acquiring an additional 334 shares during the period. Parametrica Management Ltd acquired a new position in shares of Clean Harbors during the 1st quarter valued at $294,000. Finally, First Mercantile Trust Co. lifted its position in shares of Clean Harbors by 184.7% during the 1st quarter. First Mercantile Trust Co. now owns 8,411 shares of the business services provider’s stock valued at $601,000 after acquiring an additional 5,457 shares during the period. Institutional investors own 91.77% of the company’s stock.

In other news, CFO Michael Louis Battles sold 4,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $71.85, for a total value of $287,400.00. Following the sale, the chief financial officer now directly owns 40,972 shares of the company’s stock, valued at $2,943,838.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rod Marlin sold 4,267 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.58, for a total transaction of $292,630.86. Following the completion of the sale, the director now directly owns 37,062 shares in the company, valued at $2,541,711.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,267 shares of company stock valued at $4,196,255. 8.10% of the stock is owned by company insiders.

CLH has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Clean Harbors from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 28th. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. Finally, UBS Group upped their target price on shares of Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $75.40.

CLH traded up $1.11 during trading on Friday, hitting $71.10. 498,445 shares of the company traded hands, compared to its average volume of 427,231. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 56.43 and a beta of 1.61. The firm’s fifty day moving average price is $67.35. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of 1.33. Clean Harbors Inc has a one year low of $46.21 and a one year high of $77.24.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The company had revenue of $780.80 million during the quarter, compared to analyst estimates of $792.78 million. Clean Harbors had a net margin of 2.38% and a return on equity of 7.01%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, research analysts anticipate that Clean Harbors Inc will post 1.82 earnings per share for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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