J. Safra Sarasin Holding AG Cuts Stock Position in Clean Harbors, Inc. $CLH

J. Safra Sarasin Holding AG trimmed its position in Clean Harbors, Inc. (NYSE:CLH) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,198 shares of the business services provider’s stock after selling 2,469 shares during the period. J. Safra Sarasin Holding AG’s holdings in Clean Harbors were worth $14,931,000 as of its most recent SEC filing.

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

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at $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 available through this hyperlink. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

NYSE:CLH opened at $304.03 on Monday. The company has a market cap of $16.07 billion, a P/E ratio of 41.20 and a beta of 0.86. The firm’s 50 day moving average is $292.02 and its two-hundred day moving average is $281.96. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. 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 (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, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. Analysts expect that Clean Harbors, Inc. will post 8.51 EPS for the current year.

Analyst Ratings Changes

CLH has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. BMO Capital Markets increased their target price on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company lifted their price objective on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, UBS Group upped their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.00.

Clean Harbors Company Profile

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.