J. Safra Sarasin Holding AG Sells 51,184 Shares of Clean Harbors, Inc. (NYSE:CLH)

Key Points

• J. Safra Sarasin Holding AG sold 51,184 shares of Clean Harbors, reducing its stake by 44.6% in the first quarter, leaving it with 63,676 shares valued at approximately $12.55 million.
• Analysts have mixed views on Clean Harbors, with target prices ranging from $240.00 to $268.00, and a majority of analysts issuing a "buy" rating for the stock.
• Insiders at Clean Harbors sold a total of 15,112 shares last quarter, contributing to a 5.60% ownership by company insiders.

J. Safra Sarasin Holding AG trimmed its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 44.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,676 shares of the business services provider's stock after selling 51,184 shares during the quarter. J. Safra Sarasin Holding AG owned 0.12% of Clean Harbors worth $12,551,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Clean Harbors during the 1st quarter valued at approximately $207,000. PNC Financial Services Group Inc. raised its stake in Clean Harbors by 4.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the business services provider's stock valued at $963,000 after acquiring an additional 221 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Clean Harbors during the 1st quarter valued at $30,000. Jefferies Financial Group Inc. bought a new stake in Clean Harbors during the 1st quarter valued at $15,768,000. Finally, 12th Street Asset Management Company LLC raised its stake in shares of Clean Harbors by 3.6% in the 1st quarter. 12th Street Asset Management Company LLC now owns 193,047 shares of the business services provider's stock worth $38,050,000 after buying an additional 6,730 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC cut 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. UBS Group boosted their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday. Truist Financial cut their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $263.40.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director directly owned 2,978 shares of the company's stock, valued at $666,148.82. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 1,022 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the transaction, the insider directly owned 16,310 shares of the company's stock, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Down 0.7%

CLH traded down $1.66 on Friday, hitting $234.15. 503,299 shares of the company were exchanged, compared to its average volume of 379,799. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45. The stock's fifty day moving average is $229.36 and its 200-day moving average is $220.23. The company has a market cap of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11.

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

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.