J. Safra Sarasin Holding AG Sells 5,088 Shares of Clean Harbors, Inc. $CLH

J. Safra Sarasin Holding AG lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,667 shares of the business services provider’s stock after selling 5,088 shares during the period. J. Safra Sarasin Holding AG’s holdings in Clean Harbors were worth $12,818,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CLH. Exchange Traded Concepts LLC bought a new position in Clean Harbors during the fourth quarter worth about $169,000. Kathmere Capital Management LLC bought a new stake in shares of Clean Harbors in the fourth quarter worth about $249,000. Rialto Wealth Management LLC increased its holdings in shares of Clean Harbors by 10,000.0% in the fourth quarter. Rialto Wealth Management LLC now owns 404 shares of the business services provider’s stock worth $95,000 after acquiring an additional 400 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Clean Harbors by 57.4% during the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after purchasing an additional 22,827 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Clean Harbors by 301.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 105,714 shares of the business services provider’s stock valued at $24,788,000 after purchasing an additional 79,363 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at $11,390,961. The trade was a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eric J. Dugas sold 2,788 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at approximately $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,597 shares of company stock valued at $3,895,286 over the last ninety days. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. TD Cowen restated a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. The Goldman Sachs Group lifted their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Wells Fargo & Company upped their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Finally, UBS Group raised their price objective on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $299.27.

Clean Harbors Stock Up 0.4%

NYSE:CLH opened at $280.09 on Tuesday. The stock has a 50-day simple moving average of $277.17 and a 200 day simple moving average of $248.41. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $298.12. The company has a market cap of $14.82 billion, a PE ratio of 38.47 and a beta of 0.92. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.