Vestcor Inc Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Vestcor Inc increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 331.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,349 shares of the business services provider's stock after purchasing an additional 4,877 shares during the quarter. Vestcor Inc's holdings in Clean Harbors were worth $1,461,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Reliant Investment Management LLC acquired a new stake in Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors during the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its position in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC boosted its position in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after acquiring an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $1,692,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Analysts Set New Price Targets

CLH has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial decreased their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, TD Cowen started 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. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and an average target price of $266.56.

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Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas purchased 1,050 shares of the business's stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,341 shares of company stock valued at $663,041 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Clean Harbors Trading Up 0.9 %

Shares of NYSE CLH traded up $1.81 during trading on Wednesday, reaching $196.72. The company had a trading volume of 378,946 shares, compared to its average volume of 470,224. The company's fifty day moving average price is $222.52 and its 200-day moving average price is $237.58. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The stock has a market cap of $10.59 billion, a P/E ratio of 26.51 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

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