J. Safra Sarasin Holding AG Has $12.55 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

J. Safra Sarasin Holding AG cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 44.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,676 shares of the business services provider’s stock after selling 51,184 shares during the quarter. J. Safra Sarasin Holding AG owned 0.12% of Clean Harbors worth $12,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its position in Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock valued at $2,044,000 after buying an additional 52 shares in the last quarter. Deutsche Bank AG grew its stake in Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after acquiring an additional 56 shares during the period. Blue Trust Inc. increased its holdings in shares of Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 56 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock worth $3,282,000 after purchasing an additional 59 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 61 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 0.7%

Clean Harbors stock opened at $234.15 on Friday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45. The firm’s 50-day simple moving average is $229.36 and its 200 day simple moving average is $220.23. The stock has a market cap of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $2.46 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CLH. UBS Group upped their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday. Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Oppenheimer lifted their price target on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $263.40.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director owned 2,978 shares in the company, valued at $666,148.82. This represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the sale, the executive vice president directly owned 54,548 shares of the company’s stock, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock valued at $3,416,406 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

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.