Lansforsakringar Fondforvaltning AB publ Sells 31,587 Shares of Clean Harbors, Inc. $CLH

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Clean Harbors by 25.8%, now owning 90,871 shares valued at $17.9 million.
• CEO Michael Louis Battles purchased 2,000 shares at $233.50 each, increasing his ownership in the company by 2.47%.
• Analysts raised their price targets for Clean Harbors, with UBS raising it from $220 to $240 and Raymond James setting a target of $280, indicating a "strong-buy" rating.

Lansforsakringar Fondforvaltning AB publ decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 25.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,871 shares of the business services provider's stock after selling 31,587 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned 0.17% of Clean Harbors worth $17,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in shares of Clean Harbors in the first quarter worth about $30,000. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new stake in Clean Harbors in the first quarter worth $48,000. Blue Trust Inc. raised its holdings in Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in Clean Harbors by 42.0% in the first quarter. Horizon Investments LLC now owns 284 shares of the business services provider's stock worth $56,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH stock traded down $0.83 on Wednesday, reaching $240.05. The stock had a trading volume of 59,037 shares, compared to its average volume of 410,827. The stock has a market cap of $12.87 billion, a P/E ratio of 33.74 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a 50 day simple moving average of $236.68 and a 200 day simple moving average of $221.08.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the transaction, the director directly owned 9,888 shares in the company, valued at $2,310,232.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the sale, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,840 shares of company stock worth $2,903,497 in the last 90 days. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research reports. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. UBS Group raised their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Oppenheimer boosted their target price on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Raymond James Financial lifted their price target on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Company 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.