Handelsbanken Fonder AB Sells 287,500 Shares of Clean Harbors, Inc. $CLH

Handelsbanken Fonder AB trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH) by 73.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 105,616 shares of the business services provider’s stock after selling 287,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Clean Harbors were worth $24,765,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Candriam S.C.A. lifted its holdings in shares of Clean Harbors by 36.4% in the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after acquiring an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Clean Harbors by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after acquiring an additional 15,872 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Clean Harbors by 57.4% in the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after acquiring an additional 22,827 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Clean Harbors by 86.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after acquiring an additional 29,176 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Clean Harbors by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock worth $86,963,000 after acquiring an additional 8,145 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the sale, the director owned 5,081 shares of the company’s stock, valued at $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president directly owned 23,193 shares in the company, valued at $6,542,049.51. The trade was a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,847 shares of company stock valued at $3,690,483 over the last three months. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLH. TD Cowen boosted their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and upped their price target for the company from $302.00 to $346.00 in a report on Wednesday, April 8th. UBS Group upped their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. BMO Capital Markets upped their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company upped their price target on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.08.

Clean Harbors Stock Down 0.1%

Shares of Clean Harbors stock opened at $291.55 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $296.03 and its two-hundred day simple moving average is $264.67. The company has a market cap of $15.41 billion, a P/E ratio of 39.50 and a beta of 0.92. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $1.09 EPS. Clean Harbors’s revenue was up 1.9% on a year-over-year basis. Research analysts anticipate that Clean Harbors, Inc. will post 8.38 EPS for the current year.

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.