Clean Harbors, Inc. $CLH Stake Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,726 shares of the business services provider’s stock after buying an additional 48 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Clean Harbors were worth $3,636,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its stake in Clean Harbors by 30.9% during the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock worth $1,043,407,000 after buying an additional 1,249,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Clean Harbors by 127.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider’s stock worth $177,304,000 after acquiring an additional 504,290 shares during the period. Impax Asset Management Group plc boosted its position in Clean Harbors by 11.1% during the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider’s stock worth $94,002,000 after acquiring an additional 48,447 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Clean Harbors by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock worth $89,962,000 after acquiring an additional 11,465 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in Clean Harbors by 32.0% during the 1st quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider’s stock worth $88,446,000 after acquiring an additional 108,779 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of analyst reports. Oppenheimer boosted their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Barclays assumed coverage on Clean Harbors in a research report on Friday, September 19th. They set an “equal weight” rating and a $253.00 price target for the company. Raymond James Financial upped their price objective on Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a report on Thursday, July 31st. Finally, UBS Group upped their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average price target of $262.45.

Insiders Place Their Bets

In other news, Director Andrea Robertson sold 836 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the sale, the director directly owned 9,888 shares of the company’s stock, valued at $2,310,232.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Louis Battles purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $233.50 per share, for a total transaction of $467,000.00. Following the completion of the transaction, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at $19,359,718.50. This trade represents a 2.47% increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is owned by insiders.

Clean Harbors Stock Down 0.5%

Shares of Clean Harbors stock opened at $232.18 on Wednesday. The stock’s fifty day moving average is $238.86 and its 200-day moving average is $225.15. The firm has a market capitalization of $12.45 billion, a PE ratio of 32.61 and a beta of 1.22. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.Clean Harbors’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.46 earnings per share. Equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

About Clean Harbors

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.