PKO Investment Management Joint Stock Co Acquires New Stake in Clean Harbors, Inc. (NYSE:CLH)

PKO Investment Management Joint Stock Co purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the business services provider's stock, valued at approximately $3,452,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda acquired a new stake in shares of Clean Harbors during the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors during the fourth quarter worth approximately $56,000. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

CLH has been the subject of several recent analyst reports. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. BMO Capital Markets dropped their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group dropped their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Oppenheimer lowered their price target 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. Finally, Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and an average target price of $257.67.

Insiders Place Their Bets

In other news, Director John R. Welch sold 1,250 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the transaction, the director now owns 11,402 shares of the company's stock, valued at $2,605,471.02. The trade was a 9.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the transaction, the insider now directly owns 16,310 shares of the company's stock, valued at $3,726,671.90. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,833 shares of company stock valued at $1,227,181. Company insiders own 5.60% of the company's stock.

Clean Harbors Trading Up 0.5%

CLH traded up $1.22 during trading on Friday, reaching $226.89. 219,211 shares of the company's stock were exchanged, compared to its average volume of 350,333. The company's fifty day moving average price is $212.71 and its 200-day moving average price is $223.58. 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, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market capitalization of $12.16 billion, a PE ratio of 30.58 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $1.29 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.