Arizona State Retirement System Sells 254 Shares of Clean Harbors, Inc. (NYSE:CLH)

Arizona State Retirement System lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,381 shares of the business services provider’s stock after selling 254 shares during the quarter. Arizona State Retirement System’s holdings in Clean Harbors were worth $2,510,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CLH. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the 3rd quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the 4th quarter valued at approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Clean Harbors by 76.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 114 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Clean Harbors during the 3rd quarter valued at approximately $33,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of recent analyst reports. Truist Financial upped their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer upped their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $206.00 price objective on shares of Clean Harbors in a report on Monday, March 25th. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, BMO Capital Markets upped their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $199.50.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $200.21 on Thursday. The company’s fifty day moving average price is $188.34 and its 200 day moving average price is $173.43. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The company has a market capitalization of $10.80 billion, a PE ratio of 28.81 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Clean Harbors, Inc. will post 7.35 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,185 shares of company stock worth $4,819,554. Company insiders own 6.60% of the company’s stock.

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.