Union Bancaire Privee UBP SA Reduces Stake in Clean Harbors, Inc. $CLH

Union Bancaire Privee UBP SA cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 39.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,136 shares of the business services provider’s stock after selling 6,001 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Clean Harbors were worth $2,549,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 10.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after acquiring an additional 215,659 shares during the last quarter. State Street Corp raised its stake in Clean Harbors by 0.8% during the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the period. Snyder Capital Management L P raised its stake in Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after purchasing an additional 83,638 shares during the period. Nordea Investment Management AB boosted its holdings in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Clean Harbors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after purchasing an additional 11,020 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of CLH opened at $301.68 on Friday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The stock has a market cap of $15.94 billion, a PE ratio of 40.88 and a beta of 0.87. The firm has a 50-day simple moving average of $293.57 and a two-hundred day simple moving average of $277.65. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. As a group, analysts forecast that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CLH shares. Barclays raised their price target on shares of Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Needham & Company LLC upped their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird increased their price objective on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, The Goldman Sachs Group lifted their target price on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus price target of $323.23.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.