Vontobel Holding Ltd. Sells 1,220 Shares of Clean Harbors, Inc. (NYSE:CLH)

Vontobel Holding Ltd. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 278,349 shares of the business services provider’s stock after selling 1,220 shares during the quarter. Vontobel Holding Ltd.’s holdings in Clean Harbors were worth $64,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Reliant Investment Management LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth $4,386,000. Fiduciary Alliance LLC acquired a new stake in Clean Harbors in the 4th quarter worth about $846,000. Mountain Pacific Investment Advisers LLC grew its position in shares of Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after purchasing an additional 4,240 shares in the last quarter. Barclays PLC increased its holdings in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Finally, Advisor Resource Council bought a new position in shares of Clean Harbors during the third quarter worth approximately $926,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,477 shares of company stock valued at $374,091 in the last 90 days. 5.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. Oppenheimer raised their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $269.44.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $230.91 on Friday. The company’s 50 day moving average price is $235.92 and its two-hundred day moving average price is $242.40. The firm has a market capitalization of $12.45 billion, a P/E ratio of 30.07 and a beta of 1.24. Clean Harbors, Inc. has a fifty-two week low of $176.02 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors Company Profile

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.