Handelsbanken Fonder AB Sells 256,295 Shares of Clean Harbors, Inc. (NYSE:CLH)

Handelsbanken Fonder AB lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 45.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,578 shares of the business services provider's stock after selling 256,295 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.57% of Clean Harbors worth $60,032,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Clean Harbors by 105.8% in the 1st quarter. SG Americas Securities LLC now owns 25,026 shares of the business services provider's stock worth $4,933,000 after acquiring an additional 12,863 shares during the period. Simplicity Wealth LLC increased its stake in shares of Clean Harbors by 11.4% in the first quarter. Simplicity Wealth LLC now owns 3,045 shares of the business services provider's stock valued at $600,000 after purchasing an additional 312 shares during the period. UMB Bank n.a. raised its holdings in shares of Clean Harbors by 24.6% during the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock valued at $69,000 after buying an additional 69 shares during the last quarter. Trinity Street Asset Management LLP boosted its position in shares of Clean Harbors by 9.5% during the first quarter. Trinity Street Asset Management LLP now owns 120,465 shares of the business services provider's stock worth $23,744,000 after buying an additional 10,425 shares during the period. Finally, NBC Securities Inc. increased its position in Clean Harbors by 119,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,197 shares of the business services provider's stock valued at $235,000 after acquiring an additional 1,196 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.8%

Shares of CLH stock traded up $1.85 during trading on Thursday, hitting $227.66. 215,757 shares of the company were exchanged, compared to its average volume of 435,714. The business's 50-day simple moving average is $217.00 and its 200 day simple moving average is $222.68. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 30.68 and a beta of 1.17. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company's revenue was up 4.0% compared to the same quarter last year. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CLH shares. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Truist Financial dropped their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Insiders Place Their Bets

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the transaction, the director now owns 2,978 shares in the company, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the transaction, the chief executive officer now owns 51,619 shares in the company, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,077 shares of company stock valued at $2,726,945 over the last quarter. Insiders own 5.60% of the company's stock.

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.