Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,188 shares of the business services provider's stock after selling 68,161 shares during the period. Vontobel Holding Ltd. owned about 0.39% of Clean Harbors worth $41,428,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CLH. Pictet Asset Management Holding SA lifted its holdings in shares of Clean Harbors by 72.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Norges Bank acquired a new position in Clean Harbors during the fourth quarter worth approximately $136,974,000. Wellington Management Group LLP lifted its stake in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after buying an additional 592,341 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $57,956,000. Finally, First Trust Advisors LP grew its position in shares of Clean Harbors by 46.7% during the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after acquiring an additional 117,718 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Alison A. Quirk sold 893 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director directly owned 2,978 shares in the company, valued at $666,148.82. The trade was a 23.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 1,022 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 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. Over the last quarter, insiders have sold 15,112 shares of company stock valued at $3,416,406. Company insiders own 5.60% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CLH shares. The Goldman Sachs Group decreased their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. UBS Group dropped their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Truist Financial dropped their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Price Performance

CLH traded up $3.81 on Thursday, hitting $234.15. 332,400 shares of the company were exchanged, compared to its average volume of 350,698. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The firm has a market capitalization of $12.55 billion, a P/E ratio of 32.43 and a beta of 1.16. The business's fifty day moving average is $225.78 and its 200 day moving average is $220.23.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

About Clean Harbors

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.