Union Bancaire Privee UBP SA Sells 2,913 Shares of Clean Harbors, Inc. (NYSE:CLH)

Union Bancaire Privee UBP SA trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,642 shares of the business services provider's stock after selling 2,913 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Clean Harbors were worth $3,718,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP lifted its position in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. boosted its stake in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new position in Clean Harbors during the 4th quarter worth approximately $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on CLH shares. Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. BMO Capital Markets decreased their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group cut their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, UBS Group decreased their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction dated 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 now owns 51,619 shares of the company's stock, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Speights sold 1,022 shares of the company's stock in a transaction 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 sale, the insider now directly owns 16,310 shares in the company, valued at $3,726,671.90. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,077 shares of company stock valued at $2,726,945. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Up 0.8%

Shares of CLH traded up $1.85 on Thursday, hitting $227.66. The company's stock had a trading volume of 216,695 shares, compared to its average volume of 350,452. The firm's fifty day moving average price is $217.00 and its 200-day moving average price is $222.68. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. 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 capitalization of $12.20 billion, a price-to-earnings ratio of 30.68 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. Clean Harbors's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.