Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 37,094 shares of the business services provider’s stock, valued at approximately $11,082,000. Danica Pension Livsforsikringsaktieselskab owned approximately 0.07% of Clean Harbors at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CLH. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 8,252 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Clean Harbors during the fourth quarter valued at about $938,000. Swedbank AB boosted its holdings in shares of Clean Harbors by 7.1% in the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock valued at $35,172,000 after buying an additional 10,000 shares in the last quarter. New York Life Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $1,065,000. Finally, Janus Henderson Group PLC grew its position in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.
Clean Harbors Stock Performance
NYSE:CLH opened at $319.75 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The stock has a market capitalization of $16.88 billion, a PE ratio of 38.81, a P/E/G ratio of 2.12 and a beta of 0.86. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The company has a fifty day moving average of $303.16 and a two-hundred day moving average of $293.49.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Truist Financial increased their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Oppenheimer restated an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Finally, TD Cowen raised their target price on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $354.57.
Check Out Our Latest Analysis on Clean Harbors
Insider Buying and Selling
In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,078 shares of company stock worth $1,276,908. Insiders own 5.00% of the company’s stock.
Clean Harbors Profile
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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