J. Safra Sarasin Holding AG Sells 5,088 Shares of Clean Harbors, Inc. $CLH

J. Safra Sarasin Holding AG cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,667 shares of the business services provider’s stock after selling 5,088 shares during the quarter. J. Safra Sarasin Holding AG owned approximately 0.10% of Clean Harbors worth $12,818,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC grew its holdings in Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after acquiring an additional 196 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after acquiring an additional 5,884 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Clean Harbors by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 203,990 shares of the business services provider’s stock worth $47,158,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Clean Harbors by 8.0% during the second quarter. Prudential Financial Inc. now owns 5,627 shares of the business services provider’s stock valued at $1,301,000 after purchasing an additional 416 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

Shares of CLH stock opened at $280.09 on Tuesday. The firm’s 50 day moving average price is $277.17 and its two-hundred day moving average price is $248.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $298.12. The stock has a market cap of $14.82 billion, a PE ratio of 38.47 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Oppenheimer increased their price objective on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. UBS Group lifted their target price on Clean Harbors from $240.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Wells Fargo & Company boosted their target price on Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $299.27.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. The trade was a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,597 shares of company stock valued at $3,895,286 over the last quarter. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.