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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 13.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 391,992 shares of the business services provider’s stock after selling 59,587 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Clean Harbors worth $94,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors during the second quarter worth about $56,000. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at about $56,000. Finally, CENTRAL TRUST Co boosted its position in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,447 shares of company stock valued at $4,576,829. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Clean Harbors Stock Up 0.9 %

CLH opened at $260.09 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The stock has a market capitalization of $14.02 billion, a P/E ratio of 33.87 and a beta of 1.20. The business has a 50 day simple moving average of $251.34 and a 200-day simple moving average of $236.74.

Clean Harbors (NYSE:CLH) last issued 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal 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.