Union Bancaire Privee UBP SA Purchases Shares of 21,555 Clean Harbors, Inc. (NYSE:CLH)

Union Bancaire Privee UBP SA purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,555 shares of the business services provider’s stock, valued at approximately $4,948,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the last quarter. FMR LLC increased its holdings in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after buying an additional 187,140 shares during the period. Janus Henderson Group PLC raised its position in Clean Harbors by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after buying an additional 7,948 shares during the last quarter. State Street Corp lifted its stake in Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after acquiring an additional 21,662 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Clean Harbors by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after acquiring an additional 11,808 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $217.77 on Friday. The company has a fifty day moving average of $233.16 and a two-hundred day moving average of $242.11. Clean Harbors, Inc. has a fifty-two week low of $180.24 and a fifty-two week high of $267.11. The stock has a market capitalization of $11.73 billion, a PE ratio of 29.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.82 EPS. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of research reports. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Truist Financial lowered their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday. Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $270.56.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock valued at $444,558 over the last ninety days. Insiders own 5.90% of the company’s stock.

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.