Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,824 shares of the business services provider’s stock after selling 2,111 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Clean Harbors were worth $4,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CLH. FMR LLC boosted its holdings in Clean Harbors by 5.6% during the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after buying an additional 75,038 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Clean Harbors by 5.4% during the fourth quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock worth $129,242,000 after buying an additional 38,171 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Clean Harbors by 12.5% during the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after buying an additional 67,809 shares in the last quarter. Norges Bank purchased a new stake in Clean Harbors during the fourth quarter worth $87,074,000. Finally, Federated Hermes Inc. boosted its holdings in Clean Harbors by 1.1% during the third quarter. Federated Hermes Inc. now owns 470,192 shares of the business services provider’s stock worth $78,691,000 after buying an additional 5,213 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the sale, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now owns 21,482 shares in the company, valued at approximately $4,484,152.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 1,148 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the sale, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,344 shares of company stock worth $13,911,876. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLH. Raymond James increased their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Up 2.4 %

Shares of Clean Harbors stock opened at $226.23 on Tuesday. The company has a market capitalization of $12.20 billion, a P/E ratio of 32.72 and a beta of 1.22. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $228.18. The company has a 50 day moving average of $207.92 and a 200 day moving average of $189.33.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.47 EPS for the current fiscal year.

Clean Harbors 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.