Martingale Asset Management L P Trims Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Martingale Asset Management L P trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,763 shares of the business services provider's stock after selling 32,809 shares during the quarter. Martingale Asset Management L P owned 0.15% of Clean Harbors worth $18,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Pictet Asset Management Holding SA increased its stake in shares of Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after buying an additional 697,630 shares during the period. Norges Bank acquired a new position in shares of Clean Harbors in the 4th quarter valued at about $136,974,000. Wellington Management Group LLP grew its stake in Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares during the period. Raymond James Financial Inc. bought a new stake in Clean Harbors in the fourth quarter worth approximately $57,956,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Clean Harbors by 50.4% during the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock worth $68,367,000 after buying an additional 99,591 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.4 %

CLH traded up $0.77 during mid-day trading on Monday, reaching $201.07. 66,820 shares of the stock were exchanged, compared to its average volume of 339,040. The company has a 50 day moving average price of $206.23 and a two-hundred day moving average price of $231.21. The stock has a market capitalization of $10.83 billion, a PE ratio of 27.10 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company's stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares of the company's stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock worth $663,041 over the last three months. 5.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLH shares. Needham & Company LLC reiterated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group cut their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday. Finally, StockNews.com downgraded Clean Harbors from a "buy" rating to a "hold" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.40.

Clean Harbors Company 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.