UBS Asset Management Americas Inc. lifted its stake in shares of Clean Harbors Inc (NYSE:CLH) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,532 shares of the business services provider’s stock after acquiring an additional 2,033 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.09% of Clean Harbors worth $2,901,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of CLH. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Clean Harbors by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock worth $169,000 after acquiring an additional 1,039 shares during the period. Zions Bancorporation purchased a new position in shares of Clean Harbors during the third quarter worth approximately $189,000. Stifel Financial Corp purchased a new position in shares of Clean Harbors during the third quarter worth approximately $211,000. MAI Capital Management purchased a new position in shares of Clean Harbors during the fourth quarter worth approximately $222,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Clean Harbors during the fourth quarter worth approximately $226,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.
CLH has been the topic of a number of research reports. Zacks Investment Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Canaccord Genuity reissued a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a report on Thursday, January 18th. ValuEngine lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Stifel Nicolaus reissued a “buy” rating and set a $65.00 price objective (down from $70.00) on shares of Clean Harbors in a report on Thursday, March 1st. Finally, UBS Group lowered shares of Clean Harbors from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Clean Harbors currently has an average rating of “Hold” and an average target price of $58.80.
In other Clean Harbors news, Director John T. Preston sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $50.93, for a total value of $254,650.00. Following the completion of the sale, the director now directly owns 9,427 shares in the company, valued at $480,117.11. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Eric W. Gerstenberg sold 7,150 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total transaction of $377,305.50. Following the completion of the sale, the chief operating officer now owns 86,202 shares of the company’s stock, valued at $4,548,879.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,048 shares of company stock valued at $781,644. 8.90% of the stock is owned by insiders.
Clean Harbors Inc (CLH) opened at $49.98 on Friday. The stock has a market cap of $2,936.09, a P/E ratio of 192.44 and a beta of 1.08. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 2.29. Clean Harbors Inc has a 1-year low of $46.62 and a 1-year high of $61.62.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). The business had revenue of $747.40 million for the quarter, compared to analysts’ expectations of $720.50 million. Clean Harbors had a net margin of 3.42% and a return on equity of 1.36%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share. equities analysts predict that Clean Harbors Inc will post 0.71 EPS for the current year.
TRADEMARK VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/03/16/ubs-asset-management-americas-inc-raises-stake-in-clean-harbors-inc-clh.html.
Clean Harbors Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors Inc (NYSE:CLH).
Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.