South Dakota Investment Council Raises Position in Clean Harbors, Inc. (NYSE:CLH)

South Dakota Investment Council increased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 62.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,247 shares of the business services provider’s stock after acquiring an additional 4,700 shares during the period. South Dakota Investment Council’s holdings in Clean Harbors were worth $2,137,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Steph & Co. grew its holdings in shares of Clean Harbors by 4.7% during the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after acquiring an additional 66 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Clean Harbors by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Clean Harbors by 34.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock valued at $51,000 after buying an additional 78 shares during the period. Finally, CWM LLC lifted its holdings in shares of Clean Harbors by 13.3% during the 3rd quarter. CWM LLC now owns 843 shares of the business services provider’s stock valued at $141,000 after buying an additional 99 shares during the period. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CLH shares. Oppenheimer increased their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Needham & Company LLC increased their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. BMO Capital Markets raised their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Robert W. Baird raised their target price on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Truist Financial lifted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $207.90.

Clean Harbors Trading Down 2.5 %

NYSE CLH opened at $196.00 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The firm’s fifty day moving average price is $192.02 and its 200 day moving average price is $175.57. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 28.20 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $129.70 and a 12 month high of $204.06.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned $1.44 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. In the last three months, insiders sold 25,185 shares of company stock worth $4,819,554. 6.70% of the stock is owned by corporate insiders.

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.