DekaBank Deutsche Girozentrale Has $35 Million Position in Clean Harbors, Inc. (NYSE:CLH)

DekaBank Deutsche Girozentrale lessened its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 200,000 shares of the business services provider's stock after selling 9,800 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.37% of Clean Harbors worth $34,997,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CLH. Trinity Street Asset Management LLP boosted its stake in shares of Clean Harbors by 17.9% in the fourth quarter. Trinity Street Asset Management LLP now owns 111,293 shares of the business services provider's stock valued at $19,422,000 after buying an additional 16,936 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Clean Harbors by 19.4% in the fourth quarter. Fulton Bank N.A. now owns 2,854 shares of the business services provider's stock valued at $498,000 after acquiring an additional 464 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth $2,710,000. Trust Point Inc. acquired a new position in shares of Clean Harbors during the 4th quarter worth $213,000. Finally, DAVENPORT & Co LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at about $23,999,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price target on Clean Harbors from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Oppenheimer raised their price target on Clean Harbors from $178.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Truist Financial lifted their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a "buy" rating and issued a $206.00 price objective on shares of Clean Harbors in a research note on Monday, March 25th. Finally, BMO Capital Markets raised their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $196.00.

Clean Harbors Stock Performance

Clean Harbors stock traded up $2.73 during midday trading on Friday, reaching $198.67. 167,167 shares of the stock traded hands, compared to its average volume of 299,208. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $202.58. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 28.59 and a beta of 1.24. The firm has a fifty day moving average price of $186.46 and a two-hundred day moving average price of $172.74.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 earnings per share. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now directly owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the business's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,185 shares of company stock worth $4,819,554. Company insiders own 6.70% 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.