Clean Harbors, Inc. $CLH Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank cut its stake in Clean Harbors by 39.8% in Q4, selling 18,108 shares and ending the quarter with 27,399 shares worth about $6.43 million (≈0.05% of the company).
• Quarterly results beat expectations—EPS $1.62 vs. $1.59 estimate and revenue $1.50B vs. $1.46B—and analysts have raised price targets, leaving a consensus rating of "Moderate Buy" with a $314 target.
• Insider selling accelerated last quarter (13,597 shares worth ~$3.9M, including sales by the CFO and EVP) while institutional investors own 90.43% of the stock and insiders hold about 5%.

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 39.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,399 shares of the business services provider's stock after selling 18,108 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Clean Harbors worth $6,425,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in Clean Harbors in the fourth quarter worth about $2,550,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Clean Harbors in the fourth quarter worth about $189,000. Cornerstone Wealth Group LLC acquired a new stake in Clean Harbors in the fourth quarter worth about $302,000. Tectonic Advisors LLC lifted its holdings in Clean Harbors by 1.2% in the fourth quarter. Tectonic Advisors LLC now owns 45,522 shares of the business services provider's stock worth $10,674,000 after purchasing an additional 531 shares during the period. Finally, Choreo LLC raised its position in Clean Harbors by 92.5% in the fourth quarter. Choreo LLC now owns 3,502 shares of the business services provider's stock worth $833,000 after acquiring an additional 1,683 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Price Performance

NYSE CLH opened at $308.96 on Friday. The stock's 50-day moving average price is $291.37 and its two-hundred day moving average price is $257.07. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The company has a market cap of $16.47 billion, a PE ratio of 42.44 and a beta of 0.94. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. On average, analysts predict that Clean Harbors, Inc. will post 8.25 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Citigroup upgraded shares of Clean Harbors from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. Wells Fargo & Company boosted their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 18th. Robert W. Baird boosted their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. Finally, UBS Group boosted their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $314.00.

Insider Activity

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the sale, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.00% of the stock is owned by company insiders.

About Clean Harbors

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.

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