Clean Harbors, Inc. $CLH Shares Sold by Strs Ohio

Strs Ohio decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 50.7% during the 4th quarter, Holdings Channel reports. The fund owned 21,413 shares of the business services provider’s stock after selling 21,998 shares during the quarter. Strs Ohio’s holdings in Clean Harbors were worth $5,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Clean Harbors during the third quarter worth about $30,000. V Square Quantitative Management LLC purchased a new stake in Clean Harbors in the 4th quarter valued at approximately $34,000. True Wealth Design LLC increased its position in Clean Harbors by 102.7% during the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after purchasing an additional 77 shares during the period. Bayforest Capital Ltd acquired a new position in Clean Harbors during the 3rd quarter worth approximately $44,000. Finally, First Horizon Corp purchased a new position in shares of Clean Harbors during the 3rd quarter worth approximately $44,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CLH. Robert W. Baird upped their price objective on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Weiss Ratings lowered shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Finally, UBS Group boosted their price objective on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.00.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $313.46 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $294.61 and its 200 day moving average price is $260.07. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 43.06 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts forecast that Clean Harbors, Inc. will post 8.25 earnings per share for the current fiscal year.

Insider Activity

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the transaction, the executive vice president directly owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,597 shares of company stock worth $3,895,286. 5.00% of the stock is owned by corporate insiders.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.