Norges Bank Acquires Shares of 595,179 Clean Harbors, Inc. (NYSE:CLH)

Norges Bank bought a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 595,179 shares of the business services provider's stock, valued at approximately $136,974,000. Norges Bank owned approximately 1.10% of Clean Harbors as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CLH. Skandinaviska Enskilda Banken AB publ boosted its holdings in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP lifted its position in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock valued at $70,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded Clean Harbors from a "buy" rating to a "hold" rating in a report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. 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 objective on the stock. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average price target of $266.56.

Clean Harbors Stock Performance

Clean Harbors stock traded down $8.30 during trading hours on Friday, hitting $190.21. The stock had a trading volume of 894,665 shares, compared to its average volume of 332,161. Clean Harbors, Inc. has a fifty-two week low of $184.52 and a fifty-two week high of $267.11. The company has a market cap of $10.24 billion, a PE ratio of 25.63 and a beta of 1.11. The company has a 50-day moving average of $212.46 and a two-hundred day moving average of $233.88. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last quarter. Corporate insiders own 5.90% of the company's stock.

About Clean Harbors

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.