Janus Henderson Group PLC Lowers Holdings in Clean Harbors Inc (CLH)

Janus Henderson Group PLC lowered its position in shares of Clean Harbors Inc (NYSE:CLH) by 0.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 851,763 shares of the business services provider’s stock after selling 2,061 shares during the quarter. Janus Henderson Group PLC’s holdings in Clean Harbors were worth $60,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLH. EAM Investors LLC purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $3,377,000. Zeke Capital Advisors LLC purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $675,000. Commonwealth Bank of Australia purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $386,000. MML Investors Services LLC purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $390,000. Finally, SG Americas Securities LLC increased its stake in Clean Harbors by 27.7% during the 3rd quarter. SG Americas Securities LLC now owns 9,195 shares of the business services provider’s stock worth $658,000 after buying an additional 1,992 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

CLH stock opened at $64.53 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.04 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $3.58 billion, a PE ratio of 195.55 and a beta of 1.01. Clean Harbors Inc has a 1 year low of $44.74 and a 1 year high of $72.50.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $843.18 million during the quarter, compared to analyst estimates of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 earnings per share. Equities research analysts predict that Clean Harbors Inc will post 1.17 EPS for the current fiscal year.

Several research firms have commented on CLH. Needham & Company LLC boosted their price objective on Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. Oppenheimer reiterated a “hold” rating on shares of Clean Harbors in a research note on Wednesday, October 31st. UBS Group set a $56.00 price objective on Clean Harbors and gave the stock a “sell” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets cut their price objective on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $66.75.

In other news, EVP Grace Cowan sold 424 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $70.62, for a total value of $29,942.88. Following the completion of the sale, the executive vice president now directly owns 22,914 shares in the company, valued at $1,618,186.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Louis Battles sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $69.46, for a total value of $416,760.00. Following the completion of the sale, the chief financial officer now owns 55,899 shares of the company’s stock, valued at $3,882,744.54. The disclosure for this sale can be found here. Insiders sold 62,328 shares of company stock valued at $4,055,741 over the last 90 days. Company insiders own 8.70% of the company’s stock.

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Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

Further Reading: Risk Tolerance

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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