California Public Employees Retirement System reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,274 shares of the business services provider’s stock after selling 3,957 shares during the quarter. California Public Employees Retirement System’s holdings in Clean Harbors were worth $12,758,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Mutual of America Capital Management LLC increased its holdings in Clean Harbors by 35.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 67,062 shares of the business services provider’s stock worth $7,487,000 after purchasing an additional 17,572 shares in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in Clean Harbors during the first quarter worth approximately $558,000. Victory Capital Management Inc. boosted its holdings in Clean Harbors by 19.9% in the first quarter. Victory Capital Management Inc. now owns 411,987 shares of the business services provider’s stock worth $45,892,000 after acquiring an additional 68,412 shares in the last quarter. Alberta Investment Management Corp bought a new position in Clean Harbors in the fourth quarter worth approximately $839,000. Finally, ProShare Advisors LLC boosted its holdings in Clean Harbors by 29.5% in the fourth quarter. ProShare Advisors LLC now owns 4,772 shares of the business services provider’s stock worth $477,000 after acquiring an additional 1,088 shares in the last quarter. 86.53% of the stock is currently owned by institutional investors.
Clean Harbors Stock Up 3.0 %
CLH stock opened at $110.09 on Friday. Clean Harbors, Inc. has a fifty-two week low of $81.56 and a fifty-two week high of $118.89. The business’s 50 day moving average price is $91.14 and its two-hundred day moving average price is $96.71. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.69 and a current ratio of 1.94. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 19.52 and a beta of 1.53.
Analyst Ratings Changes
A number of research firms have recently weighed in on CLH. Robert W. Baird raised their target price on Clean Harbors from $131.00 to $150.00 in a report on Thursday. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Thursday. BMO Capital Markets raised their target price on Clean Harbors from $104.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James raised their target price on Clean Harbors from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, Needham & Company LLC lifted their price target on Clean Harbors from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of “Buy” and an average price target of $133.00.
In related news, CFO Michael Louis Battles acquired 2,000 shares of Clean Harbors stock in a transaction dated Thursday, May 12th. The stock was purchased at an average cost of $88.35 per share, for a total transaction of $176,700.00. Following the purchase, the chief financial officer now directly owns 70,440 shares of the company’s stock, valued at approximately $6,223,374. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Lauren States sold 750 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $90.68, for a total transaction of $68,010.00. Following the completion of the transaction, the director now owns 12,332 shares in the company, valued at $1,118,265.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Louis Battles purchased 2,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $88.35 per share, with a total value of $176,700.00. Following the acquisition, the chief financial officer now owns 70,440 shares in the company, valued at approximately $6,223,374. The disclosure for this purchase can be found here. Insiders own 6.60% of the company’s stock.
About Clean Harbors
Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
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