Charles Schwab Investment Management Inc. Acquires 4,625 Shares of Clean Harbors, Inc. (NYSE:CLH)

Charles Schwab Investment Management Inc. increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,961 shares of the business services provider's stock after purchasing an additional 4,625 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.83% of Clean Harbors worth $102,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLH. Allworth Financial LP increased its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $56,000. UMB Bank n.a. increased its position in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after purchasing an additional 87 shares during the period. Finally, Spire Wealth Management lifted its stake in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after purchasing an additional 238 shares during the period. Institutional investors own 90.43% of the company's stock.

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Analyst Ratings Changes

A number of brokerages have commented on CLH. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $270.56.

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % 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 acquired 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,649 shares of company stock worth $738,519 over the last three months. 5.90% of the stock is owned by insiders.

Clean Harbors Price Performance

Shares of NYSE CLH traded down $6.00 during midday trading on Thursday, reaching $189.15. 311,017 shares of the stock traded hands, compared to its average volume of 473,145. The stock has a market capitalization of $10.19 billion, a PE ratio of 25.49 and a beta of 1.22. The company's 50 day moving average is $225.50 and its 200 day moving average is $239.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a one year low of $186.54 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the company earned $1.82 EPS. The business's revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors 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.