Handelsbanken Fonder AB Buys 63,800 Shares of Clean Harbors, Inc. (NYSE:CLH)

Handelsbanken Fonder AB increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 570,826 shares of the business services provider’s stock after acquiring an additional 63,800 shares during the quarter. Clean Harbors comprises approximately 0.5% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 28th biggest holding. Handelsbanken Fonder AB owned about 1.06% of Clean Harbors worth $137,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLH. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after acquiring an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Clean Harbors during the second quarter worth about $42,968,000. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Clean Harbors by 93.1% in the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after acquiring an additional 127,498 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH traded up $2.19 during trading hours on Friday, hitting $245.79. The company had a trading volume of 296,819 shares, compared to its average volume of 293,205. The business has a fifty day moving average of $239.37 and a 200-day moving average of $221.66. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 35.57 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $251.65.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.13 earnings per share. Equities analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Oppenheimer boosted their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. The Goldman Sachs Group raised their price objective on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Truist Financial upped their target price on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Robert W. Baird raised their price target on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus price target of $242.40.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lauren States sold 309 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Company 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.