Handelsbanken Fonder AB Sells 9,953 Shares of Clean Harbors, Inc. (NYSE:CLH)

Handelsbanken Fonder AB lowered its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 560,873 shares of the business services provider's stock after selling 9,953 shares during the quarter. Handelsbanken Fonder AB owned 1.04% of Clean Harbors worth $129,079,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in shares of Clean Harbors by 1.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider's stock valued at $678,000 after acquiring an additional 39 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock valued at $140,000 after acquiring an additional 45 shares in the last quarter. Traynor Capital Management Inc. increased its stake in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC increased its stake in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock valued at $119,000 after acquiring an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock valued at $378,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CLH. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a "buy" rating and a $325.00 price target for the company. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $270.56.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 in the last ninety days. Company insiders own 5.90% of the company's stock.

Clean Harbors Stock Up 2.6 %

CLH traded up $5.59 during mid-day trading on Friday, reaching $217.77. 1,006,327 shares of the stock were exchanged, compared to its average volume of 428,280. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market capitalization of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24. The company has a 50 day moving average price of $233.16 and a two-hundred day moving average price of $242.03. Clean Harbors, Inc. has a 1 year low of $180.24 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 8.08 EPS for the current year.

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.