Public Employees Retirement System of Ohio Sells 2,791 Shares of Clean Harbors, Inc. (NYSE:CLH)

Public Employees Retirement System of Ohio trimmed its stake in Clean Harbors, Inc. (NYSE:CLH) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,154 shares of the business services provider’s stock after selling 2,791 shares during the period. Public Employees Retirement System of Ohio’s holdings in Clean Harbors were worth $4,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. FMR LLC grew its position in Clean Harbors by 12.0% in the third 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. Janus Henderson Group PLC raised its position in Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after purchasing an additional 7,948 shares in the last quarter. State Street Corp raised its position in Clean Harbors by 1.5% during the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $244.28 on Friday. The company’s fifty day simple moving average is $252.32 and its two-hundred day simple moving average is $239.13. Clean Harbors, Inc. has a 12-month low of $161.39 and a 12-month high of $267.11. The firm has a market cap of $13.17 billion, a PE ratio of 31.81 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 earnings per share. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,447 shares of company stock valued at $4,576,829. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CLH shares. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reduced their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Truist Financial upped their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average target price of $271.00.

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.