Swedbank AB Reduces Holdings in Clean Harbors, Inc. (NYSE:CLH)

Swedbank AB lowered its holdings in Clean Harbors, Inc. (NYSE:CLHFree Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,000 shares of the business services provider’s stock after selling 10,000 shares during the period. Swedbank AB’s holdings in Clean Harbors were worth $23,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Reliant Investment Management LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors in the fourth quarter worth $846,000. Mountain Pacific Investment Advisers LLC increased its stake in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the last quarter. Barclays PLC increased its stake in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of Clean Harbors during the third quarter worth $926,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Robert W. Baird decreased their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $269.44.

Read Our Latest Analysis on Clean Harbors

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $238.36 on Friday. Clean Harbors, Inc. has a 12-month low of $167.86 and a 12-month high of $267.11. 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 company has a market cap of $12.85 billion, a P/E ratio of 31.04 and a beta of 1.24. The company’s fifty day moving average is $240.30 and its two-hundred day moving average is $242.04.

Clean Harbors (NYSE:CLHGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. Equities analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,446 shares of company stock worth $2,112,800. 5.90% of the stock is owned by company insiders.

About Clean Harbors

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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