Retirement Systems of Alabama Cuts Position in Clean Harbors, Inc. (NYSE:CLH)

Retirement Systems of Alabama lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,423 shares of the business services provider's stock after selling 7,679 shares during the quarter. Retirement Systems of Alabama owned 0.21% of Clean Harbors worth $27,415,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CLH. Innealta Capital LLC bought a new position in shares of Clean Harbors in the 2nd quarter valued at about $25,000. UMB Bank n.a. raised its position in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after acquiring an additional 83 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the third quarter valued at $56,000. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the second quarter valued at $56,000. Finally, CENTRAL TRUST Co increased its stake in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after purchasing an additional 160 shares during the period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of analyst reports. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Robert W. Baird dropped their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 target price on the stock. Finally, Needham & Company LLC lowered their target price on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of "Buy" and an average target price of $271.00.

Clean Harbors Stock Down 1.3 %

CLH stock traded down $3.20 during trading on Friday, reaching $244.28. 160,504 shares of the stock were exchanged, compared to its average volume of 295,524. The firm's 50 day moving average is $252.32 and its 200 day moving average is $238.96. The firm has a market cap of $13.17 billion, a P/E ratio of 31.82 and a beta of 1.22. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a twelve month low of $161.39 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.68 earnings per share. Clean Harbors's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares of the company's stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,447 shares of company stock valued at $4,576,829. Corporate insiders own 5.90% of the company's stock.

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.