Handelsbanken Fonder AB Reduces Stake in Clean Harbors, Inc. (NYSE:CLH)

Handelsbanken Fonder AB cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 560,873 shares of the business services provider’s stock after selling 9,953 shares during the period. Handelsbanken Fonder AB owned 1.04% of Clean Harbors worth $129,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Creative Planning lifted its position in Clean Harbors by 10.8% in the third quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock worth $761,000 after buying an additional 308 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Clean Harbors by 4.1% during the 3rd quarter. Raymond James & Associates now owns 92,034 shares of the business services provider’s stock worth $22,246,000 after purchasing an additional 3,584 shares during the period. Signaturefd LLC grew its holdings in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 52 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Clean Harbors by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 111 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock opened at $221.21 on Thursday. The company’s 50 day moving average is $234.40 and its 200 day moving average is $242.30. 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 market cap of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $176.02 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Analyst Ratings Changes

CLH has been the subject of several recent analyst reports. Truist Financial boosted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. Finally, TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $269.44.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is currently owned by 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.