American International Group Inc. Purchases 846 Shares of Clean Harbors Inc (CLH)

American International Group Inc. increased its position in shares of Clean Harbors Inc (NYSE:CLH) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,764 shares of the business services provider’s stock after acquiring an additional 846 shares during the period. American International Group Inc. owned about 0.19% of Clean Harbors worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CLH. Creative Planning purchased a new stake in shares of Clean Harbors during the third quarter worth $213,000. Parametrica Management Ltd acquired a new position in Clean Harbors during the third quarter worth $239,000. IFP Advisors Inc increased its position in Clean Harbors by 131.9% during the third quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock worth $283,000 after buying an additional 2,249 shares during the last quarter. Sawtooth Solutions LLC acquired a new position in Clean Harbors during the second quarter worth $350,000. Finally, Strs Ohio acquired a new position in Clean Harbors during the second quarter worth $364,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

In related news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total transaction of $3,208,500.00. Following the sale, the insider now directly owns 3,859,062 shares of the company’s stock, valued at $247,636,008.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea Robertson sold 1,500 shares of Clean Harbors stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $68.31, for a total value of $102,465.00. Following the sale, the director now directly owns 14,929 shares in the company, valued at $1,019,799.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,328 shares of company stock worth $3,638,981. 8.70% of the stock is currently owned by company insiders.

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

Shares of NYSE:CLH opened at $65.29 on Tuesday. The stock has a market capitalization of $3.61 billion, a PE ratio of 197.85 and a beta of 1.07. Clean Harbors Inc has a 52-week low of $44.74 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.70 and a current ratio of 2.04.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The company had revenue of $843.18 million for the quarter, compared to the consensus estimate of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. On average, sell-side analysts predict that Clean Harbors Inc will post 1.17 earnings per share for the current year.

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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.

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

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