Clean Harbors, Inc. (NYSE:CLH) Position Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its position in Clean Harbors, Inc. (NYSE:CLH) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,781 shares of the business services provider’s stock after selling 156 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Clean Harbors were worth $4,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLH. FMR LLC grew its position in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares in the last quarter. Wellington Management Group LLP lifted its stake in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Clean Harbors in the third quarter worth $17,258,000. Asset Management One Co. Ltd. increased its stake in Clean Harbors by 99.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider’s stock valued at $19,639,000 after purchasing an additional 42,555 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Clean Harbors by 24.2% during the third quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock worth $53,313,000 after purchasing an additional 39,976 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH opened at $221.21 on Thursday. The firm has a market capitalization of $11.92 billion, a PE ratio of 28.80 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $234.40 and a 200 day moving average price of $242.30. Clean Harbors, Inc. has a 52-week low of $176.02 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the firm posted $1.82 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLH. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $269.44.

Insider Activity

In related news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,785 shares of company stock worth $444,558. 5.90% of the stock is owned by company insiders.

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.