Mediolanum International Funds Ltd Purchases New Stake in Clean Harbors, Inc. (NYSE:CLH)

Mediolanum International Funds Ltd bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,758 shares of the business services provider's stock, valued at approximately $5,455,000.

Several other hedge funds have also made changes to their positions in the business. FMR LLC lifted its position in Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after acquiring an additional 187,140 shares during the period. Wellington Management Group LLP lifted its holdings 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 worth $834,323,000 after purchasing an additional 100,394 shares during the period. Point72 Asset Management L.P. purchased a new position in Clean Harbors in the 3rd quarter valued at $17,258,000. Handelsbanken Fonder AB increased its stake in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock valued at $137,974,000 after buying an additional 63,800 shares during the period. Finally, Franklin Resources Inc. raised its position in Clean Harbors by 24.2% during the 3rd quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider's stock worth $53,313,000 after buying an additional 39,976 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,836 shares of company stock valued at $1,966,314. Insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CLH. Stifel Nicolaus boosted their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Oppenheimer increased their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 price target on the stock. Robert W. Baird cut their price objective on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. One 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. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of "Buy" and a consensus target price of $269.44.

Clean Harbors Trading Up 0.5 %

NYSE CLH traded up $1.26 during mid-day trading on Wednesday, reaching $236.47. 222,889 shares of the stock were exchanged, compared to its average volume of 322,617. The stock has a market capitalization of $12.75 billion, a PE ratio of 30.79 and a beta of 1.24. The business's fifty day simple moving average is $238.51 and its 200 day simple moving average is $242.27. Clean Harbors, Inc. has a 1-year low of $171.89 and a 1-year high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

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.