Swedbank AB Sells 40,000 Shares of Clean Harbors, Inc. $CLH

Swedbank AB trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH) by 26.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 110,000 shares of the business services provider’s stock after selling 40,000 shares during the period. Swedbank AB’s holdings in Clean Harbors were worth $31,540,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CLH. SG Americas Securities LLC raised its holdings in shares of Clean Harbors by 57.4% during the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after purchasing an additional 22,827 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Clean Harbors by 2.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock worth $86,963,000 after purchasing an additional 8,145 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Clean Harbors by 86.0% in the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after purchasing an additional 29,176 shares during the last quarter. Nordea Investment Management AB grew its position in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in Clean Harbors during the 4th quarter valued at $938,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CLH. Robert W. Baird raised their price target on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Barclays increased their target price on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Oppenheimer raised their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company boosted their price target on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, UBS Group upped their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.69.

Clean Harbors Trading Up 1.0%

Shares of NYSE:CLH opened at $300.81 on Thursday. The stock has a 50 day moving average of $292.15 and a 200 day moving average of $281.07. The company has a market cap of $15.90 billion, a PE ratio of 40.76 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Insider Activity

In other news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by company 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.