Eurizon Capital SGR S.p.A. Takes Position in Clean Harbors, Inc. $CLH

Eurizon Capital SGR S.p.A. bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, Holdings Channel reports. The firm bought 31,994 shares of the business services provider’s stock, valued at approximately $7,504,000.

Several other large investors have also recently made changes to their positions in CLH. Elyxium Wealth LLC purchased a new stake in Clean Harbors during the 4th quarter valued at $26,000. Larson Financial Group LLC raised its stake in 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 buying an additional 115 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Clean Harbors during the 4th quarter valued at $34,000. True Wealth Design LLC raised its stake in Clean Harbors by 102.7% during the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after buying an additional 77 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Clean Harbors by 84.1% during the 4th quarter. Clearstead Advisors LLC now owns 254 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 116 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Robert W. Baird boosted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.23.

Insider Activity at Clean Harbors

In other Clean Harbors news, 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 completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’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 transaction of $293,000.00. Following the completion of the sale, the chief executive officer owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,308 shares of company stock valued at $2,133,467 over the last 90 days. 5.00% of the stock is currently owned by insiders.

Clean Harbors Stock Down 0.0%

CLH opened at $280.89 on Tuesday. The firm has a 50-day simple moving average of $295.12 and a two-hundred day simple moving average of $268.93. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The company has a market capitalization of $14.84 billion, a PE ratio of 38.06 and a beta of 0.92. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

About Clean Harbors

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.