Handelsbanken Fonder AB Purchases 90,491 Shares of Clean Harbors, Inc. $CLH

Handelsbanken Fonder AB increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 395,069 shares of the business services provider’s stock after buying an additional 90,491 shares during the quarter. Handelsbanken Fonder AB owned about 0.74% of Clean Harbors worth $91,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CLH. Y Intercept Hong Kong Ltd acquired a new position in shares of Clean Harbors during the first quarter worth approximately $1,412,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Clean Harbors during the 1st quarter valued at $5,078,000. KLP Kapitalforvaltning AS raised its holdings in Clean Harbors by 3.5% during the first quarter. KLP Kapitalforvaltning AS now owns 14,900 shares of the business services provider’s stock worth $2,937,000 after buying an additional 500 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Clean Harbors in the first quarter valued at $294,000. Finally, Machina Capital S.A.S. acquired a new position in shares of Clean Harbors during the first quarter valued at about $271,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $208.99 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $11.17 billion, a PE ratio of 28.99 and a beta of 1.16. The stock’s 50 day moving average price is $226.25 and its 200-day moving average price is $230.69. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $263.43.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The business’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 earnings per share. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

CLH has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Raymond James Financial cut their target price on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Oppenheimer restated an “outperform” rating and set a $237.00 price objective on shares of Clean Harbors in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $254.58.

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.