Clean Harbors, Inc. $CLH Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its position in Clean Harbors, Inc. (NYSE:CLH) by 21.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 475,390 shares of the business services provider’s stock after selling 133,418 shares during the period. Pictet Asset Management Holding SA owned about 0.90% of Clean Harbors worth $147,487,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CLH. Reyes Financial Architecture Inc. bought a new position in Clean Harbors in the third quarter valued at approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Clean Harbors during the 2nd quarter valued at $36,000. Elevation Wealth Partners LLC raised its position in shares of Clean Harbors by 317.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 108 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Clean Harbors during the 3rd quarter valued at $53,000. Finally, Root Financial Partners LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $87,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Up 0.2%

Shares of NYSE:CLH opened at $284.74 on Monday. The company’s 50-day moving average price is $313.48 and its two-hundred day moving average price is $298.42. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $335.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.95 and a quick ratio of 1.63. The stock has a market capitalization of $15.01 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.59 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.67. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. On average, equities analysts forecast that Clean Harbors, Inc. will post 10.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Karyn Polito purchased 125 shares of Clean Harbors stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average price of $314.83 per share, with a total value of $39,353.75. Following the completion of the purchase, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. This trade represents a 3.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CLH. BMO Capital Markets reaffirmed an “outperform” rating and issued a $364.00 target price on shares of Clean Harbors in a research note on Thursday, October 15th. Bank of America set a $377.00 price target on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 29th. Raymond James Financial restated a “strong-buy” rating on shares of Clean Harbors in a research report on Thursday, October 29th. Finally, Needham & Company LLC upped their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.29.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance.

The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.

Founded in 1980 and headquartered in Norwell, Massachusetts, Clean Harbors serves customers across North America.