Skandinaviska Enskilda Banken AB publ Raises Position in Clean Harbors, Inc. (NYSE:CLH)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 2,650.0% 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 165 shares of the business services provider’s stock after purchasing an additional 159 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Clean Harbors were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $57,956,000. FMR LLC grew its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after buying an additional 100,394 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Clean Harbors by 50.4% during the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after buying an additional 99,591 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $16,525,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.6 %

Shares of NYSE:CLH opened at $194.99 on Wednesday. Clean Harbors, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11. The business’s fifty day simple moving average is $222.52 and its 200-day simple moving average is $237.58. The company has a market capitalization of $10.50 billion, a PE ratio of 26.28 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CLH shares. Stifel Nicolaus cut their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Robert W. Baird dropped their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Truist Financial reduced their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $270.56.

Insider Activity

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by company insiders.

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.