Union Bancaire Privee UBP SA Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Union Bancaire Privee UBP SA bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 21,555 shares of the business services provider’s stock, valued at approximately $4,948,000.

Several other hedge funds have also added to or reduced their stakes in CLH. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $4,386,000. Barclays PLC increased its stake in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Fiduciary Alliance LLC bought a new stake in Clean Harbors in the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the period. Finally, Driehaus Capital Management LLC grew its holdings in shares of 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 worth $28,000,000 after purchasing an additional 18,058 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

CLH opened at $239.42 on Monday. Clean Harbors, Inc. has a 12-month low of $167.28 and a 12-month high of $267.11. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 31.17 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $241.11 and a two-hundred day simple moving average of $241.97.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, January 16th. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird dropped their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Oppenheimer raised their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $269.44.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,446 shares of company stock valued at $2,112,800 in the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

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.