Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System lifted its position in Clean Harbors, Inc. (NYSE:CLHFree Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,307 shares of the business services provider’s stock after acquiring an additional 200 shares during the quarter. State of Michigan Retirement System’s holdings in Clean Harbors were worth $2,478,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Clean Harbors in the 1st quarter worth approximately $27,000. National Bank of Canada FI acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $34,000. GAMMA Investing LLC grew its position in shares of Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Clean Harbors by 52.4% in 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 in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 2.2 %

Shares of Clean Harbors stock opened at $224.44 on Thursday. The business’s fifty day moving average price is $215.45 and its two-hundred day moving average price is $194.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. The company has a market capitalization of $12.11 billion, a P/E ratio of 32.48 and a beta of 1.21. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $231.15.

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

Analyst Ratings Changes

Several brokerages have recently commented on CLH. Truist Financial lifted their target price on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. BMO Capital Markets raised their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird raised their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $216.40.

Read Our Latest Stock Analysis on Clean Harbors

Insider Transactions at Clean Harbors

In other news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value 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. In the last 90 days, insiders have sold 57,348 shares of company stock valued at $12,320,113. Corporate insiders own 5.90% of the company’s stock.

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.

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

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