Clean Harbors, Inc. $CLH Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,541 shares of the business services provider’s stock after selling 10,312 shares during the quarter. Segall Bryant & Hamill LLC owned 0.07% of Clean Harbors worth $9,182,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of 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 worth $254,908,000 after purchasing an additional 87,322 shares during the last quarter. Norges Bank acquired a new stake in Clean Harbors during the 2nd quarter worth about $147,632,000. First Trust Advisors LP raised its stake in shares of Clean Harbors by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock valued at $127,190,000 after buying an additional 14,865 shares during the last quarter. Nordea Investment Management AB acquired a new position in shares of Clean Harbors in the 3rd quarter valued at about $108,608,000. Finally, Bank of New York Mellon Corp grew its holdings in Clean Harbors by 14.6% during the second quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock worth $97,795,000 after acquiring an additional 53,828 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Needham & Company LLC boosted their target price on shares of Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Raymond James Financial reissued a “strong-buy” rating and set a $320.00 price target on shares of Clean Harbors in a report on Monday, February 23rd. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. Finally, CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $292.18.

Clean Harbors Stock Performance

NYSE:CLH opened at $292.75 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market capitalization of $15.49 billion, a PE ratio of 40.21 and a beta of 0.93. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The company has a fifty day moving average of $263.57 and a two-hundred day moving average of $242.81.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.55 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director John R. Welch sold 750 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $273.07, for a total value of $204,802.50. Following the transaction, the director owned 10,237 shares in the company, valued at approximately $2,795,417.59. This trade represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,679 shares of company stock valued at $2,132,403 in the last 90 days. Corporate insiders own 5.60% 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.