Vontobel Holding Ltd. Sells 49,002 Shares of Clean Harbors, Inc. $CLH

Vontobel Holding Ltd. lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 23.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,186 shares of the business services provider's stock after selling 49,002 shares during the quarter. Vontobel Holding Ltd. owned about 0.30% of Clean Harbors worth $37,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after buying an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock valued at $209,000 after purchasing an additional 148 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after purchasing an additional 1,301 shares during the last quarter. Tribune Investment Group LP bought a new stake in Clean Harbors in the first quarter valued at approximately $12,812,000. Finally, Voya Investment Management LLC lifted its position in Clean Harbors by 4.4% in the first quarter. Voya Investment Management LLC now owns 127,419 shares of the business services provider's stock valued at $25,114,000 after purchasing an additional 5,362 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 1.4%

CLH stock opened at $235.36 on Thursday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.62 billion, a P/E ratio of 33.06 and a beta of 1.18. The business's 50-day moving average price is $238.47 and its 200-day moving average price is $226.37.

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, beating analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the previous year, the firm earned $2.46 EPS. The business's quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the sale, the director directly owned 9,888 shares of the company's stock, valued at $2,310,232.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Louis Battles acquired 2,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer owned 82,911 shares in the company, valued at approximately $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CLH. Raymond James Financial reissued a "strong-buy" rating and issued a $280.00 target price on shares of Clean Harbors in a research note on Monday. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. UBS Group increased their target price on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Clean Harbors in a research report on Wednesday. Finally, Barclays started coverage on Clean Harbors in a research report on Friday, September 19th. They set an "equal weight" rating and a $253.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.45.

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.

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