Clean Harbors, Inc. (NYSE:CLH) Stock Position Lowered by Jackson Square Partners LLC

Jackson Square Partners LLC reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,687 shares of the business services provider’s stock after selling 31,678 shares during the period. Clean Harbors makes up about 3.9% of Jackson Square Partners LLC’s holdings, making the stock its 3rd largest holding. Jackson Square Partners LLC’s holdings in Clean Harbors were worth $36,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock valued at $1,072,237,000 after acquiring an additional 11,814 shares during the period. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after buying an additional 100,394 shares in the last quarter. FMR LLC lifted its holdings in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the last quarter. Janus Henderson Group PLC boosted its position in Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after buying an additional 7,948 shares during the period. Finally, State Street Corp increased its holdings in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after buying an additional 21,662 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In related news, CFO Eric J. Dugas purchased 1,050 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $200.34 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock’s fifty day moving average is $219.97 and its 200 day moving average is $236.42. The stock has a market cap of $10.79 billion, a P/E ratio of 27.00 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $186.54 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus reduced their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer reduced their price target 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $266.56.

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.