Vontobel Holding Ltd. Acquires 5,638 Shares of Clean Harbors, Inc. $CLH

Vontobel Holding Ltd. lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,239 shares of the business services provider’s stock after purchasing an additional 5,638 shares during the quarter. Vontobel Holding Ltd.’s holdings in Clean Harbors were worth $37,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Elyxium Wealth LLC bought a new stake in Clean Harbors during the fourth quarter worth $26,000. Larson Financial Group LLC raised its position in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Manchester Capital Management LLC bought a new position in shares of Clean Harbors in the fourth quarter valued at about $31,000. V Square Quantitative Management LLC bought a new position in shares of Clean Harbors in the fourth quarter valued at about $34,000. Finally, True Wealth Design LLC raised its position in shares of Clean Harbors by 102.7% in the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 77 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the sale, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,308 shares of company stock valued at $2,133,467. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Trading Up 0.4%

Shares of Clean Harbors stock opened at $287.92 on Friday. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 39.01 and a beta of 0.87. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The firm’s 50-day moving average price is $295.28 and its two-hundred day moving average price is $273.32.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CLH. Truist Financial increased their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. UBS Group increased their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. TD Cowen increased their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays increased their price objective on shares of Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Oppenheimer increased their price objective on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.23.

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.