Zurcher Kantonalbank Zurich Cantonalbank Lowers Stake in Clean Harbors, Inc. (NYSE:CLH)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,161 shares of the business services provider’s stock after selling 13,450 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Clean Harbors were worth $17,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Clean Harbors by 11.6% during the third quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider’s stock worth $1,693,000 after acquiring an additional 728 shares during the last quarter. Sigma Planning Corp increased its position in Clean Harbors by 5.5% during the 3rd quarter. Sigma Planning Corp now owns 4,456 shares of the business services provider’s stock worth $1,077,000 after purchasing an additional 233 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Clean Harbors by 25.6% in the third quarter. Crossmark Global Holdings Inc. now owns 4,208 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 857 shares during the period. Los Angeles Capital Management LLC lifted its position in Clean Harbors by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 2,465 shares of the business services provider’s stock valued at $596,000 after buying an additional 130 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Clean Harbors during the third quarter worth approximately $902,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $192.42 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $185.22 and a 12 month high of $267.11. The company has a fifty day moving average price of $226.20 and a two-hundred day moving average price of $239.35. The company has a market cap of $10.36 billion, a PE ratio of 25.93 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. Research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,649 shares of company stock worth $738,519 in the last three months. 5.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, Oppenheimer lowered their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Profile

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.