Public Employees Retirement Association of Colorado Decreases Holdings in Clean Harbors, Inc. (NYSE:CLH)

Public Employees Retirement Association of Colorado lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,525 shares of the business services provider’s stock after selling 240 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Clean Harbors were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $732,000. Capstone Investment Advisors LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at about $691,000. Mountain Pacific Investment Advisers Inc. ID purchased a new position in shares of Clean Harbors in the first quarter worth about $14,161,000. Perpetual Ltd lifted its stake in shares of Clean Harbors by 9.6% in the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after acquiring an additional 4,606 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Clean Harbors stock opened at $248.30 on Wednesday. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $251.65. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 35.93 and a beta of 1.20. The stock’s 50 day simple moving average is $237.03 and its two-hundred day simple moving average is $219.05. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, analysts expect that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC increased their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $242.40.

Insider Buying and Selling

In related news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

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.