Pictet Asset Management Holding SA Sells 643,588 Shares of Clean Harbors, Inc. $CLH

Pictet Asset Management Holding SA cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 34.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,242,142 shares of the business services provider’s stock after selling 643,588 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Clean Harbors were worth $356,087,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CLH. Quattro Advisors LLC bought a new stake in Clean Harbors during the fourth quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in Clean Harbors in the fourth quarter worth about $26,000. Parkside Financial Bank & Trust increased its stake in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. MidFirst Bank bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.00% of the company’s stock.

Clean Harbors Trading Up 0.8%

NYSE:CLH opened at $301.68 on Friday. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 40.88 and a beta of 0.87. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average price is $293.57 and its 200-day moving average price is $277.65. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. On average, equities research analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CLH shares. UBS Group boosted their price target on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Finally, Needham & Company LLC raised their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

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.