Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 4.9% in the fourth quarter, Holdings Channel reports. The firm owned 13,660 shares of the business services provider’s stock after purchasing an additional 640 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Clean Harbors were worth $2,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CLH. Vontobel Holding Ltd. raised its holdings in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after buying an additional 67,809 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Clean Harbors in the 4th quarter worth $2,461,000. Genesee Capital Advisors LLC raised its stake in Clean Harbors by 4.1% in the 4th quarter. Genesee Capital Advisors LLC now owns 9,011 shares of the business services provider’s stock worth $1,573,000 after acquiring an additional 351 shares during the last quarter. Cerity Partners LLC lifted its position in Clean Harbors by 31.1% during the 4th quarter. Cerity Partners LLC now owns 8,971 shares of the business services provider’s stock worth $1,566,000 after acquiring an additional 2,129 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Clean Harbors by 3.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 56,089 shares of the business services provider’s stock valued at $9,788,000 after purchasing an additional 1,978 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Needham & Company LLC raised their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Robert W. Baird upped their price objective on shares of Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday. Finally, BMO Capital Markets boosted their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $207.90.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 in the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Clean Harbors Stock Performance

CLH opened at $200.98 on Wednesday. The firm has a fifty day moving average price of $191.76 and a 200 day moving average price of $175.43. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The stock has a market cap of $10.98 billion, a P/E ratio of 28.92 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.38 earnings per share for the current year.

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.