California Public Employees Retirement System lifted its position in Clean Harbors Inc (NYSE:CLH) by 32.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,097 shares of the business services provider’s stock after purchasing an additional 27,259 shares during the period. California Public Employees Retirement System’s holdings in Clean Harbors were worth $8,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Tennessee Treasury Department increased its stake in shares of Clean Harbors by 4.4% in the third quarter. State of Tennessee Treasury Department now owns 19,072 shares of the business services provider’s stock worth $1,472,000 after purchasing an additional 800 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Clean Harbors by 1.0% in the third quarter. Retirement Systems of Alabama now owns 66,806 shares of the business services provider’s stock worth $5,157,000 after purchasing an additional 674 shares in the last quarter. Columbus Circle Investors increased 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 in the last quarter. Quest Capital Management Inc. ADV purchased a new position in Clean Harbors during the third quarter valued at $76,000. Finally, Dupont Capital Management Corp grew its stake in Clean Harbors by 27.0% during the third quarter. Dupont Capital Management Corp now owns 5,830 shares of the business services provider’s stock valued at $450,000 after acquiring an additional 1,241 shares in the last quarter. 89.99% of the stock is owned by hedge funds and other institutional investors.

In other Clean Harbors news, CAO Eric J. Dugas sold 2,034 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $73.85, for a total transaction of $150,210.90. Following the completion of the transaction, the chief accounting officer now owns 24,234 shares in the company, valued at $1,789,680.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP George L. Curtis sold 10,408 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $83.82, for a total transaction of $872,398.56. Following the transaction, the vice president now owns 46,255 shares of the company’s stock, valued at approximately $3,877,094.10. The disclosure for this sale can be found here. Insiders have sold 21,793 shares of company stock valued at $1,797,347 in the last quarter. 8.10% of the stock is owned by company insiders.

CLH opened at $82.83 on Thursday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 65.74 and a beta of 1.61. The company has a fifty day moving average of $77.99 and a 200 day moving average of $73.08. Clean Harbors Inc has a fifty-two week low of $46.21 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.60 and a current ratio of 1.91.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 2.65% and a return on equity of 8.01%. Clean Harbors’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that Clean Harbors Inc will post 1.89 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Clean Harbors in a research note on Friday, August 23rd. They set a “buy” rating and a $86.00 target price for the company. ValuEngine cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Oppenheimer raised shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price for the company in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Friday, August 2nd. Finally, TheStreet raised shares of Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $83.71.

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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