Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 76,753 shares of the business services provider’s stock after purchasing an additional 6,152 shares during the period. New York State Common Retirement Fund’s holdings in Clean Harbors were worth $17,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CLH. FMR LLC grew its stake in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the period. Wellington Management Group LLP grew its stake in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Clean Harbors during the 3rd quarter worth $17,258,000. Asset Management One Co. Ltd. grew its stake in shares of Clean Harbors by 99.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider’s stock worth $19,639,000 after purchasing an additional 42,555 shares during the period. Finally, Franklin Resources Inc. grew its stake in Clean Harbors by 24.2% in the 3rd quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock valued at $53,313,000 after acquiring an additional 39,976 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $217.77 on Friday. The company has a market cap of $11.73 billion, a PE ratio of 29.35 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $180.24 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a 50-day simple moving average of $233.16 and a 200-day simple moving average of $242.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock worth $444,558 over the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CLH. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Oppenheimer lowered their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Robert W. Baird lowered their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $270.56.

Clean Harbors 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.