UBS Asset Management Americas Inc. Buys 2,033 Shares of Clean Harbors (NYSE:CLH)

UBS Asset Management Americas Inc. raised its position in Clean Harbors (NYSE:CLH) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,532 shares of the business services provider’s stock after purchasing 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 quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLH. Howe & Rusling Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth about $482,000. Dimensional Fund Advisors LP boosted its stake in shares of Clean Harbors by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,903,264 shares of the business services provider’s stock worth $107,915,000 after acquiring an additional 15,654 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Clean Harbors by 5.2% during the 3rd quarter. Sei Investments Co. now owns 199,416 shares of the business services provider’s stock worth $11,307,000 after acquiring an additional 9,830 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Clean Harbors by 9.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 645,085 shares of the business services provider’s stock worth $36,576,000 after acquiring an additional 53,950 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Clean Harbors by 37.5% during the 4th quarter. KBC Group NV now owns 6,230 shares of the business services provider’s stock worth $338,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 93.64% of the company’s stock.

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In other Clean Harbors news, insider Alan S. Mckim sold 42,666 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $51.45, for a total value of $2,195,165.70. Following the completion of the transaction, the insider now owns 4,056,609 shares of the company’s stock, valued at approximately $208,712,533.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark G. Bouldin sold 703 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $47.62, for a total value of $33,476.86. Following the completion of the transaction, the executive vice president now directly owns 17,744 shares of the company’s stock, valued at approximately $844,969.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,369 shares of company stock valued at $2,483,293. Insiders own 8.90% of the company’s stock.

Clean Harbors stock traded down $0.96 during trading hours on Friday, hitting $48.38. The stock had a trading volume of 336,518 shares, compared to its average volume of 349,717. The company has a quick ratio of 1.94, a current ratio of 2.29 and a debt-to-equity ratio of 1.37. The stock has a market cap of $2,788.04, a price-to-earnings ratio of 146.61 and a beta of 1.01. Clean Harbors has a fifty-two week low of $46.62 and a fifty-two week high of $61.62.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). The firm had revenue of $747.40 million during the quarter, compared to analyst estimates of $720.50 million. Clean Harbors had a net margin of 3.42% and a return on equity of 1.36%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. analysts expect that Clean Harbors will post 0.71 earnings per share for the current fiscal year.

CLH has been the subject of several recent analyst reports. Zacks Investment Research downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research note on Monday, March 5th. Robert W. Baird restated a “hold” rating and set a $57.00 target price on shares of Clean Harbors in a research note on Thursday, March 1st. Canaccord Genuity restated a “hold” rating and set a $57.00 target price on shares of Clean Harbors in a research note on Thursday, January 18th. BMO Capital Markets restated an “outperform” rating and set a $60.00 target price (down previously from $61.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Finally, UBS downgraded Clean Harbors from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.80.

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Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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