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

Zurcher Kantonalbank Zurich Cantonalbank cut its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 40.7% in 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 quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.09% of Clean Harbors worth $9,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLH. Select Equity Group L.P. grew its position 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 valued at $403,085,000 after acquiring an additional 80,436 shares during the last quarter. Janus Henderson Group PLC increased its position in 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 purchasing an additional 13,167 shares in the last quarter. Bessemer Group Inc. lifted its stake in 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 purchasing an additional 9,595 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Clean Harbors by 2.4% in 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 purchasing an additional 15,888 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in Clean Harbors by 21.7% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock valued at $119,882,000 after buying an additional 92,785 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.7%

NYSE CLH traded down $1.66 during mid-day trading on Friday, reaching $234.15. 503,299 shares of the stock were exchanged, compared to its average volume of 425,137. The stock has a market cap of $12.55 billion, a P/E ratio of 32.89 and a beta of 1.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 1.98. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The stock has a 50 day simple moving average of $229.21 and a 200-day simple moving average of $220.23.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $2.46 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Alison A. Quirk sold 893 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the sale, the director owned 2,978 shares in the company, valued at $666,148.82. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the transaction, the chief executive officer owned 51,619 shares in the company, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of research reports. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Raymond James Financial increased their target price on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday. UBS Group boosted their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday. Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Oppenheimer boosted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities 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. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus price target 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.