Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,349 shares of the business services provider's stock after selling 1,220 shares during the quarter. Vontobel Holding Ltd. owned 0.52% of Clean Harbors worth $64,059,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CLH. Sanctuary Advisors LLC bought a new position in Clean Harbors in the second quarter worth about $305,000. CWM LLC raised its holdings in Clean Harbors by 76.2% in the third quarter. CWM LLC now owns 2,380 shares of the business services provider's stock worth $575,000 after purchasing an additional 1,029 shares in the last quarter. Creative Planning raised its holdings in Clean Harbors by 10.8% in the third quarter. Creative Planning now owns 3,147 shares of the business services provider's stock worth $761,000 after purchasing an additional 308 shares in the last quarter. nVerses Capital LLC bought a new position in Clean Harbors in the third quarter worth about $387,000. Finally, Aaron Wealth Advisors LLC bought a new position in Clean Harbors in the third quarter worth about $300,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

NYSE CLH traded down $2.99 during mid-day trading on Tuesday, hitting $226.79. The stock had a trading volume of 1,177,541 shares, compared to its average volume of 345,501. The firm's 50 day moving average is $235.02 and its 200 day moving average is $242.45. Clean Harbors, Inc. has a twelve month low of $176.02 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 29.53 and a beta of 1.24.

Analysts Set New Price Targets

A number of brokerages have commented on CLH. TD Cowen started coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a "buy" rating and a $325.00 target price for the company. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Oppenheimer boosted their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Finally, Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and an average price target of $269.44.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company's stock, 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. Insiders sold a total of 1,477 shares of company stock worth $374,091 in the last three months. 5.90% of the stock is owned by corporate insiders.

About Clean Harbors

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.