California Public Employees Retirement System Has $17.98 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

California Public Employees Retirement System trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,046 shares of the business services provider’s stock after selling 5,808 shares during the period. California Public Employees Retirement System owned 0.19% of Clean Harbors worth $17,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the 4th quarter worth about $25,000. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in Clean Harbors in the third quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Clean Harbors in the third quarter valued at approximately $33,000. Finally, Blue Trust Inc. boosted its stake in shares of Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Down 0.4 %

Shares of NYSE CLH opened at $193.27 on Tuesday. Clean Harbors, Inc. has a 52 week low of $129.70 and a 52 week high of $204.06. The stock’s fifty day moving average is $192.49 and its 200 day moving average is $176.28. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. The stock has a market capitalization of $10.56 billion, a P/E ratio of 27.81 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CLH. Robert W. Baird raised their price target on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. BMO Capital Markets raised their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Oppenheimer increased their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Finally, Truist Financial boosted their price target on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $207.90.

Insider Buying and Selling

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 in the last ninety days. 6.70% of the stock is owned by insiders.

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.