TimesSquare Capital Management LLC Sells 5,200 Shares of Clean Harbors, Inc. (NYSE:CLH)

TimesSquare Capital Management LLC reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 43.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,870 shares of the business services provider’s stock after selling 5,200 shares during the period. TimesSquare Capital Management LLC’s holdings in Clean Harbors were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares during the period. Prospera Private Wealth LLC bought a new stake in Clean Harbors during the third quarter worth $56,000. CENTRAL TRUST Co lifted its stake in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. UMB Bank n.a. lifted its stake in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 over the last three months. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CLH. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Oppenheimer upped their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Stifel Nicolaus upped their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen began coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $269.44.

Clean Harbors Stock Down 2.4 %

Shares of NYSE:CLH opened at $221.21 on Thursday. The company has a fifty day moving average of $234.40 and a 200-day moving average of $242.30. The company has a market capitalization of $11.92 billion, a PE ratio of 28.80 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52-week low of $176.02 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. On average, equities analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

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.