Retirement Systems of Alabama lifted its position in Clean Harbors Inc (NYSE:CLH) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,806 shares of the business services provider’s stock after purchasing an additional 674 shares during the quarter. Retirement Systems of Alabama’s holdings in Clean Harbors were worth $5,157,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Columbus Circle Investors raised its stake in shares of Clean Harbors by 4.5% in the third quarter. Columbus Circle Investors now owns 549,467 shares of the business services provider’s stock worth $42,419,000 after purchasing an additional 23,759 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new position in shares of Clean Harbors in the third quarter worth about $76,000. Dupont Capital Management Corp raised its stake in shares of Clean Harbors by 27.0% in the third quarter. Dupont Capital Management Corp now owns 5,830 shares of the business services provider’s stock worth $450,000 after purchasing an additional 1,241 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Clean Harbors by 2.5% in the third quarter. Rhumbline Advisers now owns 132,087 shares of the business services provider’s stock worth $10,197,000 after purchasing an additional 3,278 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Clean Harbors in the third quarter worth about $212,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Several research analysts recently weighed in on CLH shares. Needham & Company LLC started coverage on Clean Harbors in a research report on Friday, August 23rd. They set a “buy” rating and a $86.00 price target for the company. ValuEngine cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Oppenheimer upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target for the company in a research report on Thursday, August 1st. Zacks Investment Research upgraded Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird lifted their price target on Clean Harbors from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Clean Harbors currently has an average rating of “Buy” and a consensus price target of $83.71.

In other news, CFO Michael Louis Battles sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the completion of the sale, the chief financial officer now directly owns 42,367 shares in the company, valued at $3,219,892. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Eric J. Dugas sold 2,034 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $73.85, for a total value of $150,210.90. Following the completion of the sale, the chief accounting officer now owns 24,234 shares of the company’s stock, valued at $1,789,680.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,793 shares of company stock valued at $1,797,347. 8.10% of the stock is owned by company insiders.

Shares of CLH stock opened at $82.69 on Friday. The stock has a 50 day moving average of $77.37 and a 200 day moving average of $72.84. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 1.36. The stock has a market cap of $4.70 billion, a P/E ratio of 65.63 and a beta of 1.61. Clean Harbors Inc has a twelve month low of $46.21 and a twelve month high of $85.63.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $891.70 million during the quarter, compared to analysts’ expectations of $875.51 million. Clean Harbors had a return on equity of 8.01% and a net margin of 2.65%. Clean Harbors’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, research analysts predict that Clean Harbors Inc will post 1.89 earnings per share for the current fiscal year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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

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