Swiss National Bank Has $23.22 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Swiss National Bank raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,900 shares of the business services provider’s stock after acquiring an additional 800 shares during the period. Swiss National Bank owned approximately 0.19% of Clean Harbors worth $23,221,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Reliant Investment Management LLC bought a new stake in Clean Harbors during the fourth quarter worth about $4,386,000. Fiduciary Alliance LLC bought a new stake in shares of Clean Harbors during the 4th quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its position in shares of Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC increased its stake in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in Clean Harbors during the third quarter valued at approximately $1,692,000. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last quarter. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CLH shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Truist Financial decreased their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Price Performance

CLH stock opened at $193.71 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11. The company has a market capitalization of $10.43 billion, a P/E ratio of 26.11 and a beta of 1.22. The company has a fifty day moving average price of $223.19 and a 200-day moving average price of $237.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS 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.