Danica Pension Livsforsikringsaktieselskab Sells 4,836 Shares of Clean Harbors, Inc. $CLH

Danica Pension Livsforsikringsaktieselskab cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 37,094 shares of the business services provider’s stock after selling 4,836 shares during the quarter. Danica Pension Livsforsikringsaktieselskab’s holdings in Clean Harbors were worth $10,636,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors in the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors in the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its holdings in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. MidFirst Bank bought a new stake in Clean Harbors in the fourth quarter valued at approximately $28,000. Finally, Larson Financial Group LLC increased its position in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CLH. UBS Group raised their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Robert W. Baird upped their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Barclays lifted their target price on shares of Clean Harbors from $304.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Finally, Truist Financial upped their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.00.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $305.60 on Wednesday. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 41.41 and a beta of 0.86. The business has a 50-day simple moving average of $293.40 and a 200 day simple moving average of $285.31. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts anticipate that Clean Harbors, Inc. will post 8.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by insiders.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.