Janus Henderson Group PLC Acquires 78,848 Shares of Clean Harbors, Inc. (NYSE:CLH)

Janus Henderson Group PLC lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,586,461 shares of the business services provider’s stock after purchasing an additional 78,848 shares during the period. Janus Henderson Group PLC owned about 2.94% of Clean Harbors worth $319,371,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV lifted its position in shares of Clean Harbors by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock worth $259,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC boosted its position in Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Clean Harbors by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock worth $1,845,000 after acquiring an additional 58 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Commerce Bank lifted its stake in shares of Clean Harbors by 3.3% during the fourth quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock worth $429,000 after buying an additional 79 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

CLH stock traded up $1.55 during mid-day trading on Tuesday, reaching $224.42. 371,162 shares of the company’s stock were exchanged, compared to its average volume of 313,183. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $237.35. The stock’s 50 day moving average is $222.58 and its 200 day moving average is $201.29. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 32.25 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, research analysts expect that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares in the company, valued at approximately $4,484,152.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The disclosure for this sale can be found here. Insiders have sold a total of 57,348 shares of company stock valued at $12,320,113 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Robert W. Baird boosted their target price on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. BMO Capital Markets increased their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a report on Thursday, May 2nd. Finally, Raymond James raised their target price on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $218.40.

About Clean Harbors

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.