Principal Financial Group Inc. Sells 49,645 Shares of Clean Harbors, Inc. (NYSE:CLH)

Principal Financial Group Inc. lessened its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 29.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,495 shares of the business services provider's stock after selling 49,645 shares during the period. Principal Financial Group Inc. owned about 0.22% of Clean Harbors worth $28,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Clean Harbors during the 2nd quarter worth about $25,000. UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors during the 2nd quarter worth about $56,000. CENTRAL TRUST Co grew its position in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after purchasing an additional 160 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Clean Harbors by 117.7% during the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider's stock worth $72,000 after purchasing an additional 173 shares during the period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

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

Clean Harbors Stock Up 0.1 %

Shares of NYSE:CLH traded up $0.31 during midday trading on Wednesday, hitting $260.94. 131,430 shares of the company's stock were exchanged, compared to its average volume of 297,155. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a 50 day moving average price of $247.99 and a 200-day moving average price of $232.71. The company has a market cap of $14.06 billion, a PE ratio of 34.07 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 610 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Robert Speights sold 610 shares of the company'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 sale, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by insiders.

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.