California Public Employees Retirement System Lowers Position in Clean Harbors, Inc. $CLH

California Public Employees Retirement System lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,730 shares of the business services provider’s stock after selling 3,172 shares during the quarter. California Public Employees Retirement System’s holdings in Clean Harbors were worth $30,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CLH. Assetmark Inc. raised its stake in Clean Harbors by 8.9% in the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 35 shares in the last quarter. C WorldWide Group Holding A S grew its stake in Clean Harbors by 3.3% in the 1st quarter. C WorldWide Group Holding A S now owns 49,871 shares of the business services provider’s stock worth $14,300,000 after buying an additional 1,602 shares in the last quarter. Bessemer Group Inc. grew its stake in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Clean Harbors in the 1st quarter worth $272,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of Clean Harbors by 9.7% in the 1st quarter. Sanctuary Advisors LLC now owns 1,499 shares of the business services provider’s stock worth $430,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

CLH stock opened at $305.60 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The firm’s fifty day moving average is $293.40 and its 200 day moving average is $285.31. The firm has a market cap of $16.15 billion, a P/E ratio of 41.41 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts predict that Clean Harbors, Inc. will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. UBS Group raised their price target on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Oppenheimer lifted their price target on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus initiated coverage on Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.00.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Company Profile

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.