California Public Employees Retirement System Purchases 629 Shares of Clean Harbors, Inc. (NYSE:CLH)

California Public Employees Retirement System boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,661 shares of the business services provider’s stock after buying an additional 629 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Clean Harbors worth $17,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Clean Harbors by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider’s stock valued at $547,138,000 after buying an additional 14,664 shares in the last quarter. State Street Corp lifted its holdings in Clean Harbors by 2.2% during the 1st quarter. State Street Corp now owns 1,413,240 shares of the business services provider’s stock valued at $201,471,000 after buying an additional 30,811 shares in the last quarter. Invesco Ltd. lifted its holdings in Clean Harbors by 6.7% during the 1st quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider’s stock valued at $153,941,000 after buying an additional 87,183 shares in the last quarter. FMR LLC lifted its holdings in Clean Harbors by 4.3% during the 1st quarter. FMR LLC now owns 1,248,848 shares of the business services provider’s stock valued at $178,036,000 after buying an additional 51,240 shares in the last quarter. Finally, Bessemer Group Inc. bought a new stake in Clean Harbors during the 1st quarter valued at about $129,540,000. Institutional investors own 90.99% of the company’s stock.

Clean Harbors Stock Up 0.2 %

NYSE:CLH opened at $164.43 on Monday. The company has a market cap of $8.89 billion, a PE ratio of 24.69 and a beta of 1.38. Clean Harbors, Inc. has a twelve month low of $109.36 and a twelve month high of $178.33. The company has a current ratio of 2.00, a quick ratio of 1.68 and a debt-to-equity ratio of 1.05. The company’s 50 day moving average is $161.58 and its two-hundred day moving average is $160.38.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, November 1st. The business services provider reported $1.68 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.39). The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Clean Harbors had a return on equity of 17.55% and a net margin of 6.77%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.43 EPS. Analysts anticipate that Clean Harbors, Inc. will post 6.91 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 1,984 shares of Clean Harbors stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $171.03, for a total transaction of $339,323.52. Following the completion of the sale, the insider now directly owns 38,602 shares in the company, valued at approximately $6,602,100.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Eric J. Dugas sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $171.00, for a total value of $598,500.00. Following the completion of the transaction, the chief financial officer now directly owns 25,114 shares in the company, valued at approximately $4,294,494. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Speights sold 1,984 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $171.03, for a total transaction of $339,323.52. Following the completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at $6,602,100.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,787 shares of company stock worth $2,705,200. Company insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CLH. Oppenheimer raised their target price on shares of Clean Harbors from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. BMO Capital Markets cut their target price on shares of Clean Harbors from $186.00 to $176.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Truist Financial raised their target price on shares of Clean Harbors from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Needham & Company LLC reissued a “buy” rating and set a $182.00 target price on shares of Clean Harbors in a research report on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of Clean Harbors in a research report on Thursday, October 5th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $183.00.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.