41,930 Shares in Clean Harbors, Inc. $CLH Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 41,930 shares of the business services provider’s stock, valued at approximately $9,737,000. Danica Pension Livsforsikringsaktieselskab owned approximately 0.08% of Clean Harbors as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after buying an additional 43 shares during the period. MAI Capital Management grew its holdings in Clean Harbors by 6.1% during the 2nd quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after acquiring an additional 48 shares in the last quarter. HB Wealth Management LLC increased its position in Clean Harbors by 5.2% during the 3rd quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 49 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Clean Harbors by 0.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock valued at $2,197,000 after purchasing an additional 49 shares during the period. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of CLH opened at $290.28 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company’s fifty day moving average price is $272.19 and its 200-day moving average price is $245.56. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $298.12. The firm has a market capitalization of $15.36 billion, a PE ratio of 39.87 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $1.55 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. This represents a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president directly owned 48,728 shares of the company’s stock, valued at $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 11,761 shares of company stock valued at $3,361,568. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CLH shares. BMO Capital Markets upped their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Citigroup boosted their price objective on shares of Clean Harbors from $274.00 to $302.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Finally, Wells Fargo & Company boosted their price target on Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $297.64.

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.