Victory Capital Management Inc. Raises Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Victory Capital Management Inc. lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,885 shares of the business services provider's stock after buying an additional 7,053 shares during the quarter. Victory Capital Management Inc. owned about 0.62% of Clean Harbors worth $80,945,000 at the end of the most recent reporting period.

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

Clean Harbors Stock Performance

Clean Harbors stock traded down $8.57 during mid-day trading on Thursday, reaching $250.52. 243,088 shares of the company's stock were exchanged, compared to its average volume of 297,740. The business's fifty day simple moving average is $248.43 and its 200 day simple moving average is $232.89. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The firm has a market capitalization of $13.50 billion, a PE ratio of 33.74 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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). 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 quarter in the previous year, the firm earned $1.68 earnings per share. The company's revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Insider Activity

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The sale 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 dated 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 transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,227 shares of company stock valued at $2,759,617 in the last three months. Company insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Robert W. Baird reduced their price objective 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. Needham & Company LLC lowered their target price 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. Oppenheimer lifted their price target on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $254.33.

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.