Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 44.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,949 shares of the business services provider's stock after selling 5,570 shares during the quarter. Teacher Retirement System of Texas' holdings in Clean Harbors were worth $1,599,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathstone Holdings LLC increased its position in shares of Clean Harbors by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider's stock valued at $1,424,000 after acquiring an additional 73 shares during the period. Cerity Partners LLC increased its holdings in shares of Clean Harbors by 30.6% in the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider's stock valued at $3,693,000 after purchasing an additional 3,580 shares during the period. Bank of Montreal Can raised its stake in shares of Clean Harbors by 11.1% in the third quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider's stock worth $9,687,000 after purchasing an additional 4,060 shares during the last quarter. FMR LLC lifted its holdings in shares of Clean Harbors by 12.0% during the third 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. Finally, Quantbot Technologies LP purchased a new stake in Clean Harbors in the third quarter valued at approximately $2,192,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on 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 owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,341 shares of company stock worth $663,041 in the last 90 days. Insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CLH. Truist Financial decreased their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 price target on the stock. The Goldman Sachs Group decreased their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $266.56.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $5.02 on Wednesday, reaching $205.85. The company's stock had a trading volume of 445,247 shares, compared to its average volume of 328,392. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $11.09 billion, a P/E ratio of 27.74 and a beta of 1.22. The stock has a 50-day moving average price of $214.30 and a 200-day moving average price of $234.56. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 EPS. Analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

About Clean Harbors

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.