UBS Group AG Grows Stock Position in Clean Harbors, Inc. (NYSE:CLH)

UBS Group AG raised its position in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 84.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,307 shares of the business services provider’s stock after purchasing an additional 31,180 shares during the period. UBS Group AG owned about 0.13% of Clean Harbors worth $7,795,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Signaturefd LLC lifted its holdings in shares of Clean Harbors by 112.3% during the 3rd quarter. Signaturefd LLC now owns 225 shares of the business services provider’s stock worth $25,000 after acquiring an additional 119 shares during the period. Ronald Blue Trust Inc. grew its position in Clean Harbors by 122.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 231 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 127 shares in the last quarter. Accurate Wealth Management LLC acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. grew its position in Clean Harbors by 200.0% in the fourth quarter. Raleigh Capital Management Inc. now owns 285 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 190 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Clean Harbors by 35.7% in the fourth quarter. Fifth Third Bancorp now owns 312 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 82 shares in the last quarter. 88.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent research reports. Oppenheimer increased their price objective on shares of Clean Harbors from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, March 30th. Needham & Company LLC increased their target price on Clean Harbors from $146.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. Truist Financial began coverage on Clean Harbors in a research note on Monday, April 17th. They set a “buy” rating and a $165.00 target price for the company. Raymond James increased their target price on Clean Harbors from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Sunday, March 5th. Finally, Robert W. Baird increased their target price on Clean Harbors from $160.00 to $165.00 in a research note on Thursday, May 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $152.22.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 16,200 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $139.60, for a total value of $2,261,520.00. Following the sale, the insider now directly owns 2,868,937 shares in the company, valued at $400,503,605.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Lauren States sold 510 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $136.13, for a total transaction of $69,426.30. Following the transaction, the director now directly owns 13,371 shares of the company’s stock, valued at $1,820,194.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alan S. Mckim sold 16,200 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $139.60, for a total transaction of $2,261,520.00. Following the completion of the sale, the insider now directly owns 2,868,937 shares of the company’s stock, valued at approximately $400,503,605.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,812 shares of company stock worth $4,382,064. 6.60% of the stock is owned by insiders.

Clean Harbors Stock Performance

Shares of CLH opened at $144.60 on Thursday. The business’s fifty day moving average price is $139.44 and its 200 day moving average price is $129.12. Clean Harbors, Inc. has a 12-month low of $81.56 and a 12-month high of $147.76. The stock has a market capitalization of $7.82 billion, a PE ratio of 17.94 and a beta of 1.38. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.05 and a quick ratio of 1.71.

Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. Clean Harbors had a return on equity of 22.43% and a net margin of 8.27%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 6.96 EPS for the current year.

Clean Harbors Company Profile

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.