California State Teachers Retirement System Has $9.49 Million Position in Clean Harbors, Inc. (NYSE:CLH)

California State Teachers Retirement System trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,362 shares of the business services provider’s stock after selling 2,355 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Clean Harbors worth $9,487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Catalyst Capital Advisors LLC bought a new stake in Clean Harbors in the 3rd quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new position in Clean Harbors during the third quarter worth about $33,000. National Bank of Canada FI bought a new position in Clean Harbors during the fourth quarter worth about $34,000. Finally, Blue Trust Inc. boosted its holdings in Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 75 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the sale, the chief executive officer now directly owns 67,374 shares in the company, valued at $12,646,773.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was 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 directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. Insiders sold a total of 32,533 shares of company stock valued at $6,364,167 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Down 1.7 %

Shares of Clean Harbors stock opened at $213.90 on Friday. The firm has a market capitalization of $11.54 billion, a PE ratio of 30.96 and a beta of 1.22. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $205.70 and its 200 day moving average is $187.00. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $221.51.

Clean Harbors (NYSE:CLHGet Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CLH shares. Raymond James lifted their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Oppenheimer upped their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. One equities research 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 MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $216.40.

View Our Latest Research Report on CLH

Clean Harbors Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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