Deutsche Bank AG Has $3.75 Million Holdings in Clean Harbors, Inc. $CLH

Key Points

• Deutsche Bank AG increased its holdings in Clean Harbors, Inc. by 228.4% during the first quarter, bringing their investment to $3.75 million.
• Institutional investors own 90.43% of Clean Harbors' stock, reflecting strong interest from large financial entities.
• Clean Harbors reported $2.36 earnings per share for its last quarter, slightly surpassing analysts' expectations of $2.33.

Deutsche Bank AG boosted its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 228.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,025 shares of the business services provider's stock after buying an additional 13,232 shares during the quarter. Deutsche Bank AG's holdings in Clean Harbors were worth $3,750,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Select Equity Group L.P. boosted its stake in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after buying an additional 80,436 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after buying an additional 13,167 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Clean Harbors by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider's stock valued at $155,784,000 after buying an additional 15,888 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its stake in Clean Harbors by 21.7% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock valued at $119,882,000 after buying an additional 92,785 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Clean Harbors by 28.1% in the fourth quarter. Northern Trust Corp now owns 498,217 shares of the business services provider's stock valued at $114,660,000 after buying an additional 109,209 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer lifted their price target on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC cut their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial cut their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Price Performance

Shares of CLH opened at $242.42 on Tuesday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. The business has a 50-day moving average of $232.92 and a 200-day moving average of $220.20.

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, topping analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company earned $2.46 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the sale, the chief executive officer directly owned 51,619 shares in the company, valued at approximately $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares of the company's stock, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,948 shares of company stock valued at $3,611,729 in the last 90 days. Company insiders own 5.60% 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.

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