Zurcher Kantonalbank Zurich Cantonalbank Purchases 34,764 Shares of Clean Harbors, Inc. (NYSE:CLH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 61.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,611 shares of the business services provider’s stock after buying an additional 34,764 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.17% of Clean Harbors worth $22,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Clean Harbors in the 2nd quarter valued at about $25,000. UMB Bank n.a. boosted its position in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Clean Harbors in the 3rd quarter valued at $56,000. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the 2nd quarter worth $56,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,447 shares of company stock valued at $4,576,829. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CLH shares. Oppenheimer raised their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Robert W. Baird dropped their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Stock Up 1.0 %

Clean Harbors stock opened at $260.19 on Friday. The firm has a market cap of $14.02 billion, a price-to-earnings ratio of 33.88 and a beta of 1.20. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The business’s 50-day moving average price is $251.08 and its 200 day moving average price is $236.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.