KLP Kapitalforvaltning AS Buys Shares of 14,400 Clean Harbors, Inc. (NYSE:CLH)

KLP Kapitalforvaltning AS acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,400 shares of the business services provider's stock, valued at approximately $3,314,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLH. Reliant Investment Management LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its position in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC boosted its position in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Clean Harbors in the 3rd quarter worth approximately $2,192,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets decreased 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. The Goldman Sachs Group decreased their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and a consensus target price of $266.56.

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Clean Harbors Trading Down 1.1 %

CLH stock traded down $2.19 during midday trading on Friday, reaching $197.24. 421,837 shares of the company's stock traded hands, compared to its average volume of 325,529. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a fifty-two week low of $186.54 and a fifty-two week high of $267.11. The business has a 50-day moving average price of $216.86 and a two-hundred day moving average price of $235.37. The company has a market capitalization of $10.62 billion, a P/E ratio of 26.58 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by company insiders.

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.