Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,000 shares of the business services provider’s stock after selling 10,000 shares during the period. Swedbank AB owned approximately 0.19% of Clean Harbors worth $23,014,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Clean Harbors by 36.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,836 shares of the business services provider’s stock worth $883,000 after purchasing an additional 1,024 shares in the last quarter. Pacer Advisors Inc. increased its stake in Clean Harbors by 29.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,636 shares of the business services provider’s stock valued at $2,218,000 after purchasing an additional 2,165 shares in the last quarter. KBC Group NV boosted its position in Clean Harbors by 40.9% during the fourth quarter. KBC Group NV now owns 1,989 shares of the business services provider’s stock worth $458,000 after purchasing an additional 577 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Clean Harbors in the 4th quarter valued at about $4,948,000. Finally, Blue Trust Inc. increased its stake in shares of Clean Harbors by 15.7% during the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock worth $107,000 after purchasing an additional 60 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Stock Up 1.4 %

Shares of NYSE CLH opened at $238.36 on Friday. The stock has a market capitalization of $12.85 billion, a PE ratio of 31.04 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a fifty day moving average of $240.30 and a 200-day moving average of $242.04. Clean Harbors, Inc. has a 52-week low of $167.86 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $1.68 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors 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.