Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Swiss National Bank

Key Points

• The Swiss National Bank reduced its stake in Clean Harbors, Inc. by 1.7%, now holding 99,200 shares valued at approximately $19.55 million.
• In the latest analyst reports, Raymond James Financial raised its price target for Clean Harbors to $280, while Needham & Company LLC lowered its target to $255.
• Insider selling was notable, with Director John R. Welch selling 1,250 shares and CEO Eric W. Gerstenberg selling 8,076 shares, signaling a 9.88% and 13.53% decrease in their respective ownerships.

Swiss National Bank lowered its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,200 shares of the business services provider's stock after selling 1,700 shares during the quarter. Swiss National Bank owned 0.19% of Clean Harbors worth $19,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in Clean Harbors by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after buying an additional 52 shares during the last quarter. Deutsche Bank AG lifted its holdings in Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after buying an additional 56 shares during the last quarter. Blue Trust Inc. lifted its holdings in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after buying an additional 56 shares during the last quarter. Xponance Inc. lifted its holdings in Clean Harbors by 0.9% during the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock worth $1,321,000 after buying an additional 61 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Clean Harbors by 1.2% during the 4th quarter. Benjamin Edwards Inc. now owns 5,797 shares of the business services provider's stock worth $1,334,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

CLH has been the subject of several research reports. Truist Financial reduced their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an "outperform" rating in a report on Thursday, July 31st. Needham & Company LLC reduced their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Oppenheimer boosted their target price on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Stock Performance

NYSE CLH traded down $3.69 on Friday, hitting $243.36. 298,541 shares of the company's stock were exchanged, compared to its average volume of 440,865. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The firm's 50-day moving average price is $232.58 and its two-hundred day moving average price is $220.26. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 34.18 and a beta of 1.18.

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

Insiders Place Their Bets

In related news, Director Andrea Robertson sold 836 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the sale, the director owned 9,888 shares in the company, valued at $2,310,232.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,948 shares of company stock worth $3,611,729. 5.60% of the stock is owned by insiders.

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.