Teacher Retirement System of Texas Boosts Holdings in Clean Harbors, Inc. $CLH

Teacher Retirement System of Texas lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 8.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,687 shares of the business services provider’s stock after buying an additional 863 shares during the quarter. Teacher Retirement System of Texas’ holdings in Clean Harbors were worth $2,471,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Clean Harbors in the 1st quarter worth about $30,000. Ameritas Advisory Services LLC purchased a new position in Clean Harbors during the 2nd quarter valued at about $48,000. Quarry LP purchased a new position in Clean Harbors during the 1st quarter valued at about $48,000. Banque Cantonale Vaudoise purchased a new position in Clean Harbors during the 1st quarter valued at about $48,000. Finally, Horizon Investments LLC lifted its position in Clean Harbors by 42.0% during the 1st quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 84 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent research reports. Raymond James Financial lowered their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of Clean Harbors in a research report on Wednesday, October 8th. Barclays lowered their price target on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, UBS Group lowered their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.73.

Clean Harbors Stock Down 2.1%

NYSE:CLH opened at $210.83 on Monday. The firm has a market cap of $11.31 billion, a P/E ratio of 29.24 and a beta of 1.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.07 and a current ratio of 2.44. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $265.72. The firm has a 50-day simple moving average of $235.72 and a two-hundred day simple moving average of $231.41.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company 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.