UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $94.75 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 391,992 shares of the business services provider's stock after selling 59,587 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.73% of Clean Harbors worth $94,748,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC grew its stake in Clean Harbors by 6.9% in the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider's stock worth $164,000 after acquiring an additional 47 shares during the period. Fifth Third Bancorp lifted its holdings in Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider's stock worth $119,000 after buying an additional 50 shares in the last quarter. MJP Associates Inc. ADV increased its position in shares of Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock worth $1,071,000 after purchasing an additional 51 shares during the last quarter. Signaturefd LLC increased its position in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after purchasing an additional 52 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock worth $378,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Trading Down 1.9 %

Shares of CLH traded down $4.96 on Monday, reaching $255.13. 166,141 shares of the company's stock were exchanged, compared to its average volume of 296,011. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.75 billion, a P/E ratio of 33.37 and a beta of 1.20. The business has a 50 day moving average price of $251.34 and a two-hundred day moving average price of $236.91. Clean Harbors, Inc. has a 12 month low of $161.39 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. Research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company's stock, valued at approximately $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CLH shares. Needham & Company LLC lowered their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Truist Financial raised their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Finally, Oppenheimer lifted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, October 21st. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $254.33.

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.