Clean Harbors, Inc. (NYSE:CLH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,490 shares of the business services provider's stock after selling 5,400 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Clean Harbors worth $23,817,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in CLH. Skandinaviska Enskilda Banken AB publ grew its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP increased its position in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. raised its holdings in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the period. UMB Bank n.a. lifted its position in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after buying an additional 66 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock valued at $70,000 after buying an additional 87 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CLH shares. Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. BMO Capital Markets dropped their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $266.56.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 3,341 shares of company stock worth $663,041. Company insiders own 5.90% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH traded up $3.34 during midday trading on Tuesday, hitting $189.70. 116,242 shares of the stock traded hands, compared to its average volume of 471,458. The business's 50 day moving average price is $211.43 and its two-hundred day moving average price is $233.41. The firm has a market capitalization of $10.22 billion, a PE ratio of 25.57 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.82 EPS. Clean Harbors's revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Company 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.