Union Bancaire Privee UBP SA Takes $4.95 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Union Bancaire Privee UBP SA acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,555 shares of the business services provider's stock, valued at approximately $4,948,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sigma Planning Corp lifted its stake in Clean Harbors by 44.7% during the fourth quarter. Sigma Planning Corp now owns 6,446 shares of the business services provider's stock worth $1,483,000 after purchasing an additional 1,990 shares during the last quarter. Transcend Capital Advisors LLC bought a new stake in Clean Harbors in the 4th quarter worth approximately $308,000. Allianz Asset Management GmbH lifted its position in 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 worth $68,367,000 after buying an additional 99,591 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Clean Harbors in the fourth quarter worth approximately $210,000. Finally, WealthBridge Capital Management LLC grew its position in Clean Harbors by 22.7% during the fourth quarter. WealthBridge Capital Management LLC now owns 1,605 shares of the business services provider's stock valued at $369,000 after acquiring an additional 297 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lowered their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. BMO Capital Markets cut their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Truist Financial reduced their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $270.56.

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Clean Harbors Trading Down 0.5 %

Shares of NYSE CLH traded down $1.15 during trading hours on Wednesday, hitting $213.07. The company's stock had a trading volume of 318,436 shares, compared to its average volume of 445,798. Clean Harbors, Inc. has a 12 month low of $180.37 and a 12 month high of $267.11. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 28.72 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. The business has a 50-day simple moving average of $231.95 and a 200-day simple moving average of $241.92.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. 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 earned $1.82 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors 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 sale, the director now directly owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 924 shares of company stock worth $219,570 over the last quarter. Corporate insiders own 5.90% of the company's stock.

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.