Clean Harbors, Inc. $CLH Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 12.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 91,505 shares of the business services provider’s stock after selling 13,503 shares during the quarter. Retirement Systems of Alabama’s holdings in Clean Harbors were worth $21,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLH. Allworth Financial LP boosted its holdings in Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after buying an additional 43 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Clean Harbors by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock valued at $3,636,000 after acquiring an additional 48 shares during the last quarter. MAI Capital Management lifted its position in shares of Clean Harbors by 6.1% during the 2nd quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock valued at $194,000 after acquiring an additional 48 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Clean Harbors by 5.2% during the 3rd quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after acquiring an additional 49 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Shares of CLH opened at $260.09 on Tuesday. The business’s 50-day moving average is $240.63 and its 200-day moving average is $235.50. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 36.07 and a beta of 0.95. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $268.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The business’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. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. The trade was a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their target price on Clean Harbors from $255.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Raymond James Financial reduced their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 30th. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Oppenheimer boosted their price target on shares of Clean Harbors from $237.00 to $283.00 and gave the company an “outperform” rating in a report on Friday. Finally, Citigroup raised their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.17.

Clean Harbors Profile

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.