State Board of Administration of Florida Retirement System Raises Holdings in Clean Harbors, Inc. (NYSE:CLH)

State Board of Administration of Florida Retirement System increased its stake in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,987 shares of the business services provider’s stock after purchasing an additional 230 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Clean Harbors were worth $6,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp boosted its position in shares of Clean Harbors by 35.7% during the fourth quarter. Fifth Third Bancorp now owns 312 shares of the business services provider’s stock valued at $36,000 after buying an additional 82 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Clean Harbors by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the business services provider’s stock valued at $1,541,000 after acquiring an additional 100 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Clean Harbors by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,807 shares of the business services provider’s stock valued at $1,462,000 after acquiring an additional 100 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Clean Harbors by 1.8% during the third quarter. MML Investors Services LLC now owns 6,433 shares of the business services provider’s stock valued at $707,000 after acquiring an additional 116 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Clean Harbors by 112.3% during the third quarter. Signaturefd LLC now owns 225 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 119 shares in the last quarter. 88.13% of the stock is owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 510 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $136.13, for a total transaction of $69,426.30. Following the sale, the director now directly owns 13,371 shares of the company’s stock, valued at approximately $1,820,194.23. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Lauren States sold 510 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $136.13, for a total transaction of $69,426.30. Following the completion of the transaction, the director now owns 13,371 shares in the company, valued at approximately $1,820,194.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Eric J. Dugas sold 346 shares of the company’s stock in a transaction dated Saturday, April 1st. The stock was sold at an average price of $142.56, for a total transaction of $49,325.76. Following the transaction, the chief accounting officer now owns 30,201 shares of the company’s stock, valued at approximately $4,305,454.56. The disclosure for this sale can be found here. Insiders have sold a total of 15,612 shares of company stock valued at $2,120,544 in the last ninety days. 6.60% of the stock is currently owned by corporate insiders.

Clean Harbors Price Performance

NYSE:CLH opened at $139.20 on Thursday. Clean Harbors, Inc. has a one year low of $81.56 and a one year high of $147.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.71 and a current ratio of 2.05. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 17.27 and a beta of 1.38. The firm’s fifty day moving average is $138.26 and its two-hundred day moving average is $127.52.

Clean Harbors (NYSE:CLH – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. Clean Harbors had a net margin of 8.27% and a return on equity of 22.43%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Research analysts expect that Clean Harbors, Inc. will post 6.96 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CLH. Robert W. Baird lifted their price target on shares of Clean Harbors from $160.00 to $165.00 in a research note on Thursday, May 4th. Oppenheimer lifted their price target on shares of Clean Harbors from $145.00 to $151.00 and gave the company an “outperform” rating in a research note on Thursday, March 30th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 4th. Truist Financial initiated coverage on shares of Clean Harbors in a research note on Monday, April 17th. They set a “buy” rating and a $165.00 price target for the company. Finally, Raymond James boosted their price objective on shares of Clean Harbors from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Sunday, March 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $152.22.

Clean Harbors Company Profile

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.