California Public Employees Retirement System Sells 5,808 Shares of Clean Harbors, Inc. (NYSE:CLH)

California Public Employees Retirement System decreased its stake in Clean Harbors, Inc. (NYSE:CLH) by 5.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 103,046 shares of the business services provider’s stock after selling 5,808 shares during the quarter. California Public Employees Retirement System’s holdings in Clean Harbors were worth $17,983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deutsche Bank AG grew its position in Clean Harbors by 3,711.0% in the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after acquiring an additional 270,009 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Clean Harbors by 61.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock valued at $65,983,000 after purchasing an additional 150,251 shares during the last quarter. DAVENPORT & Co LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at about $23,999,000. Sandler Capital Management lifted its position in Clean Harbors by 232.4% in the 3rd quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock worth $26,822,000 after buying an additional 112,047 shares during the last quarter. Finally, FMR LLC lifted its position in Clean Harbors by 5.6% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock worth $4,819,554 over the last quarter. Corporate insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CLH. Needham & Company LLC lifted their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Robert W. Baird lifted their target price on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Stifel Nicolaus restated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, Oppenheimer increased their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $207.90.

Clean Harbors Stock Down 0.4 %

NYSE CLH opened at $193.27 on Tuesday. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The stock has a market capitalization of $10.56 billion, a PE ratio of 27.81 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The business’s 50-day moving average is $192.49 and its 200 day moving average is $176.28.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last 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 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.