California Public Employees Retirement System Has $13.64 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Posted by on May 14th, 2023

California Public Employees Retirement System grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,531 shares of the business services provider’s stock after acquiring an additional 3,188 shares during the period. California Public Employees Retirement System owned 0.22% of Clean Harbors worth $13,641,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLH. Raymond James & Associates boosted its position in shares of Clean Harbors by 146.7% during the 1st quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after purchasing an additional 22,012 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Clean Harbors during the 1st quarter worth about $1,672,000. HighTower Advisors LLC boosted its position in shares of Clean Harbors by 68.7% during the 1st quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock worth $793,000 after purchasing an additional 2,883 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Clean Harbors by 122.5% during the 1st quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,435 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Clean Harbors by 33.5% during the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock worth $3,616,000 after purchasing an additional 8,127 shares in the last quarter. Institutional investors own 88.13% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, CAO Eric J. Dugas sold 346 shares of the firm’s stock in a transaction that occurred on Saturday, April 1st. The shares were sold at an average price of $142.56, for a total transaction of $49,325.76. Following the completion of the sale, the chief accounting officer now owns 30,201 shares in the company, valued at approximately $4,305,454.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Eric J. Dugas sold 346 shares of the firm’s stock in a transaction that occurred on Saturday, April 1st. The shares were sold at an average price of $142.56, for a total transaction of $49,325.76. Following the completion of the sale, the chief accounting officer now owns 30,201 shares in the company, valued at approximately $4,305,454.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eugene G. Banucci sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $133.97, for a total transaction of $669,850.00. Following the sale, the director now owns 20,618 shares of the company’s stock, valued at approximately $2,762,193.46. The disclosure for this sale can be found here. Insiders sold a total of 15,612 shares of company stock worth $2,120,544 in the last quarter. Insiders own 6.60% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of Clean Harbors from $132.00 to $154.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 4th. Raymond James raised their price target on shares of Clean Harbors from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Sunday, March 5th. Oppenheimer raised their price target on shares of Clean Harbors from $145.00 to $151.00 and gave the company an “outperform” rating in a research report on Thursday, March 30th. Finally, Truist Financial started coverage on shares of Clean Harbors in a research report on Monday, April 17th. They issued a “buy” rating and a $165.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $152.22.

Clean Harbors Trading Down 1.0 %

NYSE:CLH opened at $138.51 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.71 and a current ratio of 2.05. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 17.18 and a beta of 1.38. Clean Harbors, Inc. has a 52 week low of $81.56 and a 52 week high of $147.76. The firm has a 50-day moving average price of $138.37 and a two-hundred day moving average price of $127.81.

Clean Harbors (NYSE:CLH – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. Clean Harbors had a net margin of 8.27% and a return on equity of 22.43%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts expect that Clean Harbors, Inc. will post 6.96 earnings per share for the current fiscal year.

About Clean Harbors

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.

Further Reading

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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