UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Clean Harbors, Inc. $CLH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 9.8% during the second quarter, HoldingsChannel.com reports. The fund owned 466,863 shares of the business services provider’s stock after selling 50,698 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clean Harbors were worth $139,475,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Elyxium Wealth LLC bought a new position in shares of Clean Harbors during the 4th quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new stake in Clean Harbors during the fourth quarter valued at $26,000. MidFirst Bank purchased a new stake in Clean Harbors during the fourth quarter valued at $28,000. Parkside Financial Bank & Trust raised its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CLH. Oppenheimer reiterated an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a research note on Thursday, July 30th. Stifel Nicolaus lifted their target price on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC boosted their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays increased their price target on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Stock Performance

Clean Harbors stock opened at $315.63 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The firm has a market capitalization of $16.66 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 2.03 and a beta of 0.86. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company’s 50-day moving average is $308.55 and its 200 day moving average is $297.10.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 earnings per share. Research analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Insider Buying and Selling

In other news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by company insiders.

About Clean Harbors

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.