Versor Investments LP Cuts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Versor Investments LP decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the business services provider’s stock after selling 185 shares during the period. Versor Investments LP’s holdings in Clean Harbors were worth $1,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CLH. Clearbridge Investments LLC grew its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Clean Harbors in the 2nd quarter valued at about $42,968,000. Marshall Wace LLP lifted its holdings in shares of Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares during the last quarter. Spirepoint Private Client LLC bought a new position in shares of Clean Harbors in the 1st quarter valued at about $16,594,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after acquiring an additional 78,848 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CLH shares. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average target price of $254.33.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $263.10 on Tuesday. The firm has a market cap of $14.18 billion, a PE ratio of 34.26 and a beta of 1.20. The firm’s 50 day simple moving average is $247.50 and its 200-day simple moving average is $232.24. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,227 shares of company stock valued at $2,759,617. 5.90% of the stock is currently owned by company insiders.

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.