J. Safra Sarasin Holding AG Trims Stake in Clean Harbors, Inc. $CLH

J. Safra Sarasin Holding AG cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,198 shares of the business services provider’s stock after selling 2,469 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.10% of Clean Harbors worth $14,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in shares of Clean Harbors by 2,088.3% during the 1st quarter. Fifth Third Bancorp now owns 14,771 shares of the business services provider’s stock valued at $4,235,000 after buying an additional 14,096 shares in the last quarter. Candriam S.C.A. boosted its holdings in Clean Harbors by 19.8% in the 1st quarter. Candriam S.C.A. now owns 36,781 shares of the business services provider’s stock worth $10,546,000 after buying an additional 6,070 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Clean Harbors during the first quarter worth $116,000. Hsbc Holdings PLC acquired a new stake in shares of Clean Harbors in the first quarter valued at about $6,398,000. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Clean Harbors by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,316 shares of the business services provider’s stock worth $2,958,000 after buying an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Barclays upped their price objective on shares of Clean Harbors from $304.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Stifel Nicolaus started coverage on shares of Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price target for the company. Finally, UBS Group raised their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.00.

Insider Activity

In related news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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 of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

CLH stock opened at $304.03 on Monday. The business’s 50-day moving average is $292.02 and its two-hundred day moving average is $281.96. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. The firm has a market capitalization of $16.07 billion, a P/E ratio of 41.20 and a beta of 0.86. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. Analysts anticipate that Clean Harbors, Inc. will post 8.51 earnings per share for the current fiscal year.

About Clean Harbors

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.