State of Michigan Retirement System Sells 200 Shares of Clean Harbors, Inc. (NYSE:CLH)

State of Michigan Retirement System trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,107 shares of the business services provider’s stock after selling 200 shares during the quarter. State of Michigan Retirement System’s holdings in Clean Harbors were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of CLH. Bank of New York Mellon Corp raised its stake in shares of Clean Harbors by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 454,692 shares of the business services provider’s stock worth $102,828,000 after acquiring an additional 28,423 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Clean Harbors during the second quarter worth approximately $211,000. Calamos Advisors LLC raised its stake in shares of Clean Harbors by 6.1% during the second quarter. Calamos Advisors LLC now owns 4,011 shares of the business services provider’s stock worth $907,000 after buying an additional 230 shares during the last quarter. Traynor Capital Management Inc. bought a new position in Clean Harbors in the second quarter valued at approximately $317,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Clean Harbors during the 2nd quarter worth $380,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In related news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction dated 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 $537,527,412.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

CLH has been the subject of a number of recent analyst reports. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 20th. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer lifted their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets upped their price objective on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Stock Up 0.1 %

CLH stock opened at $244.37 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.72. The stock has a market capitalization of $13.18 billion, a P/E ratio of 35.36 and a beta of 1.21. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $247.24. The business has a 50-day moving average of $230.67 and a 200-day moving average of $211.03.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.56 earnings per share for the current fiscal year.

Clean Harbors Company 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.