Danica Pension Livsforsikringsaktieselskab Invests $11.08 Million in Clean Harbors, Inc. $CLH

Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, Holdings Channel reports. The firm purchased 37,094 shares of the business services provider’s stock, valued at approximately $11,082,000.

Several other large investors also recently bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in Clean Harbors in the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $26,000. MidFirst Bank purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust grew its position in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Wells Fargo & Company lifted their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Trading Down 1.9%

Shares of CLH stock opened at $319.75 on Wednesday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The firm has a market cap of $16.88 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company has a 50-day moving average of $303.16 and a two-hundred day moving average of $293.49. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $2.36 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,078 shares of company stock worth $1,276,908. Insiders own 5.00% of the company’s stock.

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.