Clean Harbors, Inc. $CLH Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,529 shares of the business services provider’s stock after selling 27,815 shares during the quarter. Handelsbanken Fonder AB’s holdings in Clean Harbors were worth $19,577,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in Clean Harbors during the fourth quarter valued at approximately $26,000. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors in the fourth quarter worth $26,000. MidFirst Bank purchased a new position in shares of Clean Harbors in the 4th quarter valued at $28,000. Parkside Financial Bank & Trust raised its stake in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% during 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 in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLH. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a research note on Thursday, July 30th. Stifel Nicolaus upped their target price on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays increased their target price on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Price Performance

Shares of CLH stock opened at $316.98 on Thursday. The firm has a fifty day simple moving average of $300.12 and a 200-day simple moving average of $291.73. The company has a market capitalization of $16.73 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $2.36 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by company insiders.

Clean Harbors Profile

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.