UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in Clean Harbors, Inc. (NYSE:CLH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 391,992 shares of the business services provider’s stock after selling 59,587 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clean Harbors were worth $94,748,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CLH. Swedbank AB increased its stake in shares of Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after acquiring an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after purchasing an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new position in Clean Harbors during the second quarter worth approximately $729,000. Advisor Resource Council purchased a new position in Clean Harbors during the third quarter worth approximately $926,000. Finally, Northcape Capital Pty Ltd purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at $2,324,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.9 %

NYSE:CLH opened at $260.09 on Monday. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The business’s 50-day simple moving average is $251.34 and its 200 day simple moving average is $236.74. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a market cap of $14.02 billion, a price-to-earnings ratio of 33.87 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Robert Speights sold 610 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 2.24 % 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 corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLH. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird decreased their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial raised their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer upped their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $254.33.

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.