Nordea Investment Management AB Acquires 569,388 Shares of Clean Harbors, Inc. $CLH

Nordea Investment Management AB grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 120.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,040,594 shares of the business services provider’s stock after acquiring an additional 569,388 shares during the quarter. Nordea Investment Management AB’s holdings in Clean Harbors were worth $246,725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC purchased a new position in Clean Harbors in the fourth quarter worth about $236,000. GAMMA Investing LLC raised its position in Clean Harbors by 5.4% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 53 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of Clean Harbors by 86.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after purchasing an additional 29,176 shares during the last quarter. AIA Group Ltd purchased a new position in shares of Clean Harbors in the 3rd quarter worth approximately $1,479,000. Finally, Allworth Financial LP boosted its holdings in shares of Clean Harbors by 37.9% in the 3rd quarter. Allworth Financial LP now owns 320 shares of the business services provider’s stock worth $74,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLH shares. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Oppenheimer lifted their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Wells Fargo & Company increased their target price on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Finally, BMO Capital Markets raised their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $299.27.

Insider Buying and Selling at Clean Harbors

In related news, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sharon M. Gabriel sold 3,540 shares of Clean Harbors stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,597 shares of company stock valued at $3,895,286. 5.60% of the stock is owned by company insiders.

Clean Harbors Trading Down 4.8%

Shares of NYSE CLH opened at $275.56 on Monday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $298.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 37.85 and a beta of 0.92. The business’s 50 day moving average price is $274.41 and its 200-day moving average price is $246.49.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.Clean Harbors’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.