Swedbank AB Boosts Stock Position in Clean Harbors, Inc. $CLH

by · The Cerbat Gem

Swedbank AB lifted its position in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 7.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 150,000 shares of the business services provider’s stock after purchasing an additional 10,000 shares during the quarter. Swedbank AB’s holdings in Clean Harbors were worth $35,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLH. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth about $26,000. Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the 3rd quarter valued at about $30,000. Larson Financial Group LLC lifted its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $34,000. Finally, True Wealth Design LLC lifted its stake in shares of Clean Harbors by 102.7% in the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 77 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CLH. Barclays boosted their target price on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Needham & Company LLC boosted their target price on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. TD Cowen boosted their target price on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets boosted their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company boosted their target price on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $322.08.

Get Our Latest Research Report on Clean Harbors

Clean Harbors Trading Up 0.1%

CLH opened at $287.10 on Monday. The business has a 50 day simple moving average of $295.91 and a two-hundred day simple moving average of $265.72. The firm has a market capitalization of $15.17 billion, a price-to-earnings ratio of 38.90 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98.

Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. Analysts predict that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Marcy L. Reed sold 836 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the transaction, the director owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This represents a 14.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at $11,390,961. The trade was a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,519 shares of company stock valued at $1,907,663 in the last 90 days. Insiders own 5.00% of the company’s stock.

Clean Harbors Profile

(Free Report)

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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