Zurich Insurance Group Ltd FI Increases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Zurich Insurance Group Ltd FI raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 520,910 shares of the business services provider's stock after acquiring an additional 92,785 shares during the quarter. Clean Harbors makes up 1.0% of Zurich Insurance Group Ltd FI's portfolio, making the stock its 18th biggest position. Zurich Insurance Group Ltd FI owned 0.97% of Clean Harbors worth $119,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after acquiring an additional 11,814 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after buying an additional 592,341 shares during the last quarter. Select Equity Group L.P. lifted its position in shares of Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA lifted its position 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 worth $381,602,000 after buying an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after buying an additional 13,167 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CLH. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. BMO Capital Markets reduced their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, StockNews.com 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 and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Performance

Shares of CLH opened at $232.09 on Tuesday. The firm has a market capitalization of $12.44 billion, a PE ratio of 31.28 and a beta of 1.19. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $206.97 and a 200 day moving average price of $225.27. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.

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

Insider Activity

In other news, CFO Eric J. Dugas acquired 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

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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