Nordea Investment Management AB boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) by 120.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,040,594 shares of the business services provider’s stock after acquiring an additional 569,388 shares during the period. Nordea Investment Management AB owned 1.95% of Clean Harbors worth $246,725,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Clean Harbors in the second quarter worth $147,632,000. Durable Capital Partners LP purchased a new position in shares of Clean Harbors during the 3rd quarter valued at $133,217,000. Two Sigma Investments LP boosted its holdings in Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Clean Harbors in the 3rd quarter worth $28,925,000. Finally, Shannon River Fund Management LLC purchased a new stake in Clean Harbors in the 3rd quarter worth $26,907,000. 90.43% of the stock is currently owned by institutional investors.
In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the sale, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,597 shares of company stock worth $3,895,286 over the last three months. 5.60% of the stock is owned by company insiders.
• Time to Clean Up with These 3 Profitable Garbage Stocks
CLH opened at $275.56 on Monday. The company has a market capitalization of $14.58 billion, a PE ratio of 37.85 and a beta of 0.92. The firm has a 50-day simple moving average of $274.41 and a two-hundred day simple moving average of $246.49. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $298.12.
Clean Harbors (NYSE:CLH – Get Free Report) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. Analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.
A number of equities research analysts have commented on CLH shares. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Wells Fargo & Company increased their target price on Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Robert W. Baird set a $300.00 target price on Clean Harbors in a research note on Thursday, February 19th. Barclays boosted their price target on Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $299.27.
Get Our Latest Research Report on CLH
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.
• Five stocks we like better than Clean Harbors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Clean Harbors Right Now?
Before you consider Clean Harbors, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Clean Harbors wasn’t on the list.
While Clean Harbors currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here…Read more by MarketBeat