Zurcher Kantonalbank Zurich Cantonalbank Sells 31,815 Shares of Clean Harbors, Inc. (NYSE:CLH)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,346 shares of the business services provider's stock after selling 31,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Clean Harbors worth $9,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Select Equity Group L.P. increased its holdings in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after purchasing an additional 80,436 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after buying an additional 13,167 shares during the period. Bessemer Group Inc. increased its stake in shares of Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock valued at $252,042,000 after acquiring an additional 9,595 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Clean Harbors by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider's stock valued at $155,784,000 after acquiring an additional 15,888 shares during the period. Finally, Zurich Insurance Group Ltd FI boosted its stake in Clean Harbors by 21.7% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock worth $119,882,000 after acquiring an additional 92,785 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH stock traded down $1.66 during trading on Friday, hitting $234.15. The company's stock had a trading volume of 503,299 shares, compared to its average volume of 379,799. The company has a current ratio of 2.45, a quick ratio of 1.98 and a debt-to-equity ratio of 1.02. The company has a market cap of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18. The business has a fifty day moving average of $229.36 and a 200-day moving average of $220.12. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 1,022 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the sale, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director owned 2,978 shares of the company's stock, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock valued at $3,416,406 in the last three months. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an "outperform" rating in a research report on Thursday. Oppenheimer increased their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday. UBS Group raised their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Needham & Company LLC lowered their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Clean Harbors Company 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.