California Public Employees Retirement System Reduces Stock Holdings in Clean Harbors, Inc. $CLH

California Public Employees Retirement System trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,730 shares of the business services provider’s stock after selling 3,172 shares during the period. California Public Employees Retirement System owned 0.20% of Clean Harbors worth $30,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CLH. Assetmark Inc. lifted its position in shares of Clean Harbors by 8.9% during the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after buying an additional 35 shares during the last quarter. GAMMA Investing LLC increased its holdings in Clean Harbors by 5.4% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after acquiring an additional 53 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE raised its stake in Clean Harbors by 16.9% in the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in Clean Harbors by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 59 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 1.5%

Shares of CLH opened at $305.60 on Wednesday. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The stock has a market cap of $16.15 billion, a PE ratio of 41.41 and a beta of 0.86. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $293.40 and its 200-day moving average price is $285.31.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. Clean Harbors’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. On average, equities analysts forecast that Clean Harbors, Inc. will post 8.51 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Wall Street Zen cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup raised their price objective on shares of Clean Harbors from $346.00 to $349.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group lifted their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.00.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.