Skandinaviska Enskilda Banken AB publ Buys 390 Shares of Clean Harbors, Inc. (NYSE:CLH)

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 236.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 555 shares of the business services provider’s stock after purchasing an additional 390 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Clean Harbors were worth $109,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 122 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider’s stock worth $209,000 after acquiring an additional 148 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider’s stock worth $1,638,000 after acquiring an additional 1,301 shares during the period. Deutsche Bank AG boosted its stake in shares of Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock worth $1,333,000 after acquiring an additional 56 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of Clean Harbors in the first quarter worth about $202,000. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CLH shares. Robert W. Baird upped their price objective on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. UBS Group dropped their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Needham & Company LLC dropped their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Raymond James Financial decreased their target price on Clean Harbors from $280.00 to $278.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.70.

Clean Harbors Stock Performance

Shares of CLH opened at $231.37 on Thursday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a fifty day moving average price of $229.05 and a 200-day moving average price of $220.19. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.40 billion, a PE ratio of 32.05 and a beta of 1.16.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alison A. Quirk sold 893 shares of the firm’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director owned 2,978 shares in the company, valued at $666,148.82. This trade represents a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 3,035 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the transaction, the executive vice president owned 54,548 shares of the company’s stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,112 shares of company stock worth $3,416,406. Company insiders own 5.60% of the company’s stock.

Clean Harbors 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.