Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Clean Harbors, Inc. (NYSE:CLH)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $5.08 million in Clean Harbors, acquiring 25,764 shares in the company during the first quarter.
• Multiple institutional investors have increased their stakes in Clean Harbors, with Norges Bank investing approximately $136.97 million in the fourth quarter.
• Clean Harbors recently reported earnings of $1.09 per share, exceeding analysts' expectations, while the company's revenue for the quarter was $1.43 billion.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,764 shares of the business services provider's stock, valued at approximately $5,078,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its position in Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after purchasing an additional 52 shares during the last quarter. Deutsche Bank AG grew its position in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares during the last quarter. Blue Trust Inc. grew its position in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares during the last quarter. Scotia Capital Inc. grew its position in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Xponance Inc. grew its position in Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock worth $1,321,000 after purchasing an additional 61 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CLH. Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday. Finally, Needham & Company LLC decreased 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $263.40.

Clean Harbors Stock Performance

CLH stock traded up $1.65 during trading hours on Thursday, reaching $232.58. The stock had a trading volume of 141,492 shares, compared to its average volume of 421,101. The stock has a market capitalization of $12.46 billion, a PE ratio of 32.22 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The stock has a 50-day simple moving average of $229.05 and a 200 day simple moving average of $220.19. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

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 for the quarter, beating the consensus estimate of $2.33 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The company's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 8,076 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer directly owned 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the transaction, the director directly owned 11,402 shares in the company, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is currently owned by insiders.

Clean Harbors 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.