Zurcher Kantonalbank Zurich Cantonalbank Buys 34,764 Shares of Clean Harbors, Inc. (NYSE:CLH)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 61.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 91,611 shares of the business services provider's stock after buying an additional 34,764 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of Clean Harbors worth $22,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CLH. Quent Capital LLC lifted its stake in Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider's stock valued at $164,000 after buying an additional 47 shares during the last quarter. Moody National Bank Trust Division grew its position in Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider's stock worth $1,095,000 after acquiring an additional 47 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider's stock valued at $119,000 after purchasing an additional 50 shares during the period. MJP Associates Inc. ADV boosted its stake in shares of Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock valued at $1,071,000 after buying an additional 51 shares during the period. Finally, Signaturefd LLC increased its holdings in Clean Harbors by 11.8% in the third quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock valued at $119,000 after purchasing an additional 52 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 0.9 %

Shares of NYSE:CLH traded up $2.41 during midday trading on Friday, reaching $260.09. 186,431 shares of the company were exchanged, compared to its average volume of 296,573. The stock has a fifty day simple moving average of $251.34 and a two-hundred day simple moving average of $236.58. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market cap of $14.02 billion, a PE ratio of 33.87 and a beta of 1.20. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11.

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

Insider Activity

In other news, insider Robert Speights sold 610 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the firm'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 completion of the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on CLH shares. Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Oppenheimer upped their price target on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently 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.