Arizona State Retirement System Raises Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Arizona State Retirement System boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,880 shares of the business services provider’s stock after acquiring an additional 125 shares during the quarter. Arizona State Retirement System’s holdings in Clean Harbors were worth $3,424,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CLH. Proficio Capital Partners LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at $16,525,000. M&T Bank Corp lifted its holdings in Clean Harbors by 0.9% during the 4th quarter. M&T Bank Corp now owns 35,232 shares of the business services provider’s stock valued at $8,108,000 after buying an additional 305 shares in the last quarter. Atria Investments Inc boosted its position in Clean Harbors by 5.4% in the 4th quarter. Atria Investments Inc now owns 21,548 shares of the business services provider’s stock valued at $4,959,000 after buying an additional 1,105 shares during the period. Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Clean Harbors by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 345,205 shares of the business services provider’s stock worth $79,445,000 after acquiring an additional 10,320 shares during the period. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial lowered their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Finally, Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $270.56.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $197.29 on Monday. The company has a 50 day moving average price of $227.79 and a 200 day moving average price of $240.11. The firm has a market capitalization of $10.63 billion, a P/E ratio of 26.59 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $184.51 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its earnings results 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 return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 924 shares of company stock worth $219,570 in the last 90 days. Insiders own 5.90% of the company’s stock.

Clean Harbors 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.