Robeco Schweiz AG Sells 68,522 Shares of Clean Harbors, Inc. $CLH

Robeco Schweiz AG lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 36.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 117,590 shares of the business services provider’s stock after selling 68,522 shares during the period. Robeco Schweiz AG’s holdings in Clean Harbors were worth $27,573,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its position in 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 valued at $351,958,000 after buying an additional 12,452 shares during the period. Snyder Capital Management L P grew its position in Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock valued at $266,706,000 after buying an additional 83,638 shares during the period. Bessemer Group Inc. grew its position in Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after buying an additional 87,322 shares during the period. Nordea Investment Management AB grew its position in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares during the period. Finally, First Trust Advisors LP grew its position in Clean Harbors by 18.5% during the third quarter. First Trust Advisors LP now owns 651,685 shares of the business services provider’s stock valued at $151,334,000 after buying an additional 101,509 shares during the period. Institutional investors own 90.43% of the company’s stock.

Key Headlines Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Analyst upgrade and higher price target from Needham — Needham raised its price target to $325 and maintained a Buy rating, signaling ~12% upside vs. recent levels, which supports the stock’s longer-term upside. Read More.
• Positive Sentiment: Q1 beat and raised guidance — Clean Harbors reported Q1 EPS $1.19 vs. $1.15 consensus and raised full-year adjusted EBITDA and adjusted free-cash-flow ranges, underscoring improved profitability prospects. Read More.
• Positive Sentiment: Independent coverage highlighting durable growth thesis — commentary pieces argue the company’s quality-growth story remains intact despite the short-term pullback, which may support recovery if execution continues. Read More.
• Positive Sentiment: Earnings beat noted by data services — Zacks and other outlets flagged the EPS beat (Q1 EPS $1.19 vs. $1.15 est.), reinforcing that profitability metrics outperformed expectations. Read More.
• Neutral Sentiment: Earnings call transcript and slide deck — management’s prepared remarks and slides (details on segment performance, capex plan and guidance drivers) are available for investors wanting to verify the outlook and cash-flow assumptions. Read More. Read More.
• Negative Sentiment: Revenue slight miss and cash consumption — revenue of $1.46B missed the ~ $1.47B Street view; Q1 adjusted free cash flow was negative as the company invested heavily, which spooked investors expecting stronger near-term cash conversion. Read More.
• Negative Sentiment: Insider selling highlighted — recent disclosures show multiple insider sales over the past six months; while not definitive, higher-profile insider sales can weigh on sentiment. Read More.

Wall Street Analyst Weigh In

CLH has been the subject of several research reports. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a research report on Thursday, February 19th. BMO Capital Markets increased their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Needham & Company LLC increased their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.55.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $290.28 on Thursday. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The firm has a market capitalization of $15.47 billion, a PE ratio of 39.87 and a beta of 0.92. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $294.80 and a two-hundred day moving average price of $260.48.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Clean Harbors, Inc. will post 8.25 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Marcy L. Reed sold 836 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director directly owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the sale, the chief financial officer directly owned 15,933 shares in the company, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,597 shares of company stock valued at $3,895,286. Company 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.