Skandinaviska Enskilda Banken AB publ Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2,650.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165 shares of the business services provider’s stock after purchasing an additional 159 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Clean Harbors were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CLH. Allworth Financial LP grew its holdings in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. grew its holdings in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors in the third quarter worth $56,000. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after acquiring an additional 66 shares during the period. Finally, Spire Wealth Management grew its holdings in Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 238 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 3,341 shares of company stock worth $663,041. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

NYSE:CLH opened at $194.99 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $10.50 billion, a P/E ratio of 26.28 and a beta of 1.22. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The business’s 50-day moving average is $222.52 and its 200 day moving average is $237.58.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CLH shares. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird lowered their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Finally, Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $270.56.

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.