Texas Permanent School Fund Corp Has $11.25 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Texas Permanent School Fund Corp lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 13.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,733 shares of the business services provider’s stock after purchasing an additional 5,711 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Clean Harbors worth $11,247,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CLH. Norges Bank bought a new position in shares of Clean Harbors in the fourth quarter worth about $87,074,000. Lazard Freres Gestion S.A.S. bought a new position in Clean Harbors during the second quarter valued at about $42,968,000. Wellington Management Group LLP increased its stake in Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. DAVENPORT & Co LLC increased its stake in Clean Harbors by 93.1% during the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after acquiring an additional 127,498 shares during the period. Finally, Spirepoint Private Client LLC bought a new position in Clean Harbors during the first quarter valued at about $16,594,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 1.3 %

Shares of CLH opened at $234.83 on Tuesday. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 33.98 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The business’s fifty day moving average price is $232.92 and its two-hundred day moving average price is $214.55. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. On average, analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CLH shares. Needham & Company LLC boosted their price target on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial upped their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Oppenheimer upped their price objective on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $242.40.

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.