Principal Financial Group Inc. Has $32.14 Million Stock Position in Clean Harbors, Inc. $CLH

Principal Financial Group Inc. boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,106 shares of the business services provider’s stock after purchasing an additional 4,097 shares during the period. Principal Financial Group Inc.’s holdings in Clean Harbors were worth $32,144,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth approximately $26,000. Quattro Advisors LLC bought a new position in shares of Clean Harbors in the fourth quarter valued at approximately $26,000. MidFirst Bank acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after acquiring an additional 115 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Down 0.1%

NYSE:CLH opened at $310.16 on Monday. The company has a market cap of $16.39 billion, a price-to-earnings ratio of 42.03 and a beta of 0.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock’s fifty day moving average price is $292.87 and its two-hundred day moving average price is $284.30. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that Clean Harbors, Inc. will post 8.51 EPS for the current year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CLH shares. Citigroup lifted their price objective on Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a research report on Friday, July 10th. TD Cowen increased their target price on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. The Goldman Sachs Group raised their target price on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. UBS Group lifted their price target on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company increased their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $326.00.

Clean Harbors Company 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.