Pictet Asset Management Holding SA Has $381.60 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 72.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,658,128 shares of the business services provider's stock after purchasing an additional 697,630 shares during the quarter. Pictet Asset Management Holding SA owned 3.08% of Clean Harbors worth $381,602,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Clean Harbors during the fourth quarter worth about $136,974,000. Raymond James Financial Inc. acquired a new position in Clean Harbors during the fourth quarter valued at approximately $57,956,000. FMR LLC lifted its stake in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 3.0% in 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 in the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after purchasing an additional 99,591 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 1.2 %

NYSE CLH traded up $2.27 on Tuesday, reaching $199.37. The company had a trading volume of 196,892 shares, compared to its average volume of 456,739. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 26.87 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a fifty-two week low of $186.54 and a fifty-two week high of $267.11. The business has a 50 day moving average of $215.97 and a two-hundred day moving average of $235.07.

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Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares of the company's stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CLH has been the subject of a number of research analyst reports. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Robert W. Baird decreased their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets dropped their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $266.56.

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.